Industrial building at 10 Toh Guan Road East up for sale

SINGAPORE (EDGEPROP) – There is an equity of 35 years staying on the building’s 60-year contract, making it an appealing suggestion contrasted to various other sites with much shorter leases, says Brenda Ong, executive director and also head of commercial & logistics, Singapore, at Cushman & Wakefield.

A B2 commercial structure located at 10 Toh Guan Road East, in the Jurong Lake District, has been put up for sale through expression of rate of interest. Cushman & Wakefield is the single advertising and marketing agent for the sale.

The property makes up 5 levels as well as a cellar carpark. It has a gross floor area of around 145,366 sq ft. It is a build-to-suit residential property that was completed in 2000 for its current anchor tenant, Hitachi Elevator Asia. Besides being the MNC’s local head office, the residential property is largely used as a service base for Hitachi Elevator Asia’s circulation centre, sales, repair and also maintenance works.

“A private ownership means that there is no restriction on the rent, which converts right into an easier project procedure for the proprietors, in addition to no land rent application for the website,” she includes.

The Landmark Condo MCC Land, SSLE Development, ZACD

Under the URA Master Plan (2019 ), the site is zoned for B2 industrial usage with a permitted plot proportion of 2.0. Presently, the location has an utilised plot ratio of 1.78.
The residential property is within strolling distance to Jurong East MRT Terminal and also there is a bus stop situated just outside the residential property.

The expression of interest rate exercise for the property will close on April 29 at 3pm.