Portfolio of strata-titled industrial units at CT Hub for sale at $17.2 mil
Being accessible and close to the EC, the malls offer a perfect choice for both daily errands and a great shopping experience. The shopping centres offer everything from the latest fashion to groceries, health and beauty products, electronics as well as dining options.
For residents of Tengah Plantation Close EC, establishments such as Jurong Point Shopping Centre, Westgate and Jem are some of the best options available. These shopping centres offer a huge variety of shops, restaurants, fast food stalls, entertainment and more. After a full day of shopping, visitors can also enjoy a meal at the food court or other eateries in the vicinity. For budget conscious shoppers, there are plenty of bargains to be found in these malls. With the presence of big-name retailers, visitors can be sure to find exactly what they are looking for.
All in all, shopping centres within close proximity of Tengah Plantation Close EC provide visitors with a wide range of products and services that cater to all budgets and needs. From fashionable apparel to groceries, shoppers will be able to find exactly what they need in these shopping centres.
An opportunity for buyers to receive a yield accretive proposition is available at CT Hub with the portfolio of 12 strata-titled industrial units. Located on Kallang Avenue, this 11-storey industrial development was completed in 2012 and is three minutes away from Benderer MRT Station on the Downtown line. The units are fitted out as business space and are fully air-conditioned, with certain units having direct access to the parking area.
The portfolio, currently leased to a music production and HR company, is offered at a guide price of $17.2 million. The tenant is committed to rent for at least four years, giving an annual yield of around $750,000. According to CBRE, the buyer has the flexibility to exit the investment through individual or bulk strata sales.
Tan Teck Chew, CBRE’s director for industrial and logistics services in Singapore, said, “At the guide price of S$17.2 million, this opportunity presents a yield accretive proposition even in this alleviated interest rate environment.”
Recent transactions of industrial units at CT Hub, according to EdgeProp Research tool, provide an indication as to the wisdom of such an investment. With the price of the portfolio combined with its yield, this opportunity presents as a favorable consideration for buyers.