Read related article: Property Investment Income Dive-In 37% In Q1 Amid Pandemic Crisis
The smallest unit is 1,259 sq feet and the biggest is 3,488 sq ft. The ground-floor units, totalling 17,825 sq feet, should be sold separately or collectively. The components are only marketed by CBRE.
Pantech Business Hub is a commercial improvement containing three seven-storey blocks situated at 192 Pandan Loop. The 99-year leasehold growth has 63 years ago its tenure.
They are sometimes utilized for food-related actions as Pantec Business Hub stays inside the 100m buffer zone of Pandan Food Zone. Each unit is close to the unloading and loading bay and includes a ceiling height of 5.4 meters. Each of the components are tenanted.
Graeme Bolin, senior manager of logistics and industrial in CBRE, states,”Industrial and logistics possessions, notably warehouses or last-mile resources, have seen increased interest due to the acceleration in e-commerce throughout the pandemic. It is a timely chance for owner-occupiers or investors to get a portfolio of ground-floor industrial components ”
“The successful purchaser may expect to enjoy possible funds and leasing upsides on account of this favorable spill-over of actions from Greater Southern Waterfront. The encompassing mature residential property such as Clementi and Jurong East also supply a ready pool of labor supply,” states Clemence Lee, senior manager of capital markets at CBRE.
The house is on a website that’s zoned as Industrial”Business 2″ beneath the Master Plan 2019. Foreigners are entitled to purchase. There’ll not be a Added Buyer’s Stamp Duty.