Industrial building at 10 Toh Guan Road East up for sale

SINGAPORE (EDGEPROP) – The residential property consists of five floors and also a cellar carpark. It has a gross level area of approximately 145,366 sq ft. It is a build-to-suit property that was finished in 2000 for its current anchor occupant, Hitachi Elevator Asia. Apart from being the MNC’s regional headquarters, the commercial property is mostly used as a service base for Hitachi Elevator Asia’s circulation centre, sales, repair and maintenance workshop.

Under the URA Master Plan (2019 ), the location is zoned for B2 industrial use with a permitted plot ratio of 2.0. Currently, the site has a used plot proportion of 1.78.
The property is within strolling distance to Jurong East MRT Terminal and there is a bus stop situated simply outside the commercial property.

There is a balance of 35 years remaining on the residential property’s 60-year rent, making it an eye-catching proposal contrasted to other websites with much shorter rent, states Brenda Ong, executive director and head of commercial & logistics, Singapore, at Cushman & Wakefield.

Clavon Condo price

A B2 commercial building situated at 10 Toh Guan Road East, in the Jurong Lake District, has been offered via expression of interest rate. Cushman & Wakefield is the sole marketing representative for the sale.

“A private ownership indicates that there is no restriction on the lease, which translates into a simpler job process for the proprietors, as well as no land rental fee application for the site,” she includes.

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

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