Industrial building at 10 Toh Guan Road East up for sale
SINGAPORE (EDGEPROP) – Under the URA Master Plan (2019 ), the location is zoned for B2 commercial use with a permitted plot ratio of 2.0. Presently, the site has a used plot ratio of 1.78.
The commercial property is within strolling range to Jurong East MRT Station and also there is a bus stop situated simply outside the commercial property.
The building comprises 5 floors as well as a basement carpark. It has a gross level area of about 145,366 sq ft. It is a build-to-suit property that was completed in 2000 for its current anchor renter, Hitachi Elevator Asia. Besides being the MNC’s regional headquarters, the property is primarily made use of as a solution base for Hitachi Elevator Asia’s circulation centre, sales, repair work as well as maintenance workshop.
There is an equity of 35 years remaining on the residential property’s 60-year rent, making it an appealing proposal contrasted to other sites with shorter rent, claims Brenda Ong, executive supervisor as well as head of industrial & logistics, Singapore, at Cushman & Wakefield.
A B2 industrial structure located at 10 Toh Guan Road East, in the Jurong Lake District, has been put up for sale through expression of interest rate. Cushman & Wakefield is the single advertising agent for the sale.
“A private ownership suggests that there is no limitation on the contract, which equates into a simpler assignment procedure for the owners, as well as no land rental fee application for the site,” she includes.
The expression of interest exercise for the property will close on April 29 at 3pm.