Industrial building at 10 Toh Guan Road East up for sale
SINGAPORE (EDGEPROP) – Under the URA Master Plan (2019 ), the site is zoned for B2 commercial use with a permissible plot ratio of 2.0. Presently, the location has a used plot ratio of 1.78.
The commercial property is within strolling range to Jurong East MRT Terminal and also there is a bus stop located just outside the residential property.
“A private ownership means that there is no constraint on the contract, which translates right into a simpler project procedure for the owners, as well as no land rental fee application for the website,” she adds.
The residential property consists of five levels as well as a basement carpark. It has a gross level area of around 145,366 sq ft. It is a build-to-suit property that was completed in 2000 for its present anchor occupant, Hitachi Elevator Asia. Besides being the MNC’s regional head office, the residential property is largely utilized as a service base for Hitachi Elevator Asia’s circulation centre, sales, fixing as well as upkeep works.
A B2 industrial structure located at 10 Toh Guan Road East, in the Jurong Lake District, has actually been put up for sale via expression of rate of interest. Cushman & Wakefield is the sole advertising representative for the sale.
There is an equity of 35 years remaining on the building’s 60-year lease, making it an attractive suggestion contrasted to various other sites with shorter rent, says Brenda Ong, executive director and head of industrial & logistics, Singapore, at Cushman & Wakefield.
The expression of rate of interest exercise for the commercial property will close on April 29 at 3pm.