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 permitted plot proportion of 2.0. Presently, the site has a used plot proportion of 1.78.
The property is within strolling distance to Jurong East MRT Station and there is a bus stop situated simply outside the property.
A B2 industrial structure located at 10 Toh Guan Road East, in the Jurong Lake District, has been offered via expression of rate of interest. Cushman & Wakefield is the sole marketing representative for the sale.
There is a balance of 35 years remaining on the residential property’s 60-year contract, making it an appealing recommendation compared to various other websites with shorter lease contract, states Brenda Ong, executive director and also head of commercial & logistics, Singapore, at Cushman & Wakefield.
“A private ownership implies that there is no limitation on the lease, which converts into a less complex task process for the owners, as well as no land lease application for the site,” she includes.
The residential property comprises five levels and also a cellar carpark. It has a gross floor area of about 145,366 sq ft. It is a build-to-suit residential property that was finished in 2000 for its current support tenant, Hitachi Elevator Asia. Besides being the MNC’s local headquarters, the building is mainly made use of as a solution base for Hitachi Elevator Asia’s distribution centre, sales, repair work and maintenance works.
The expression of interest rate exercise for the commercial property will close on April 29 at 3pm.