Portfolio of strata-titled industrial units at CT Hub for sale at $17.2 mil
The portfolio of 12 industrial units located at CT Hub, a modern 11-storey industrial development situated on Kallang Avenue, is up for sale with a guide price of $17.2 million. CBRE is the marketing agent for the units, which are fully air-conditioned and feature a business space fit out. Part of the portfolio enjoys direct access to the car park.
CT Hub, completed in 2012, is 99-years leasehold, zoned under “Business 1 – White”. The multi-user facility is serviced by five passenger lifts and two cargo lifts, with bendemeer MRT Station a short three-minute walk away.
The portfolio is already leased, by a music production and HR company, for a term of at least four years. The annual rent is a promising $750,000. Tan Teck Chew, CBRE’s director for industrial and logistics services in Singapore, explains that even with the current alleviated-rate environment the portfolio presents an attractive accretive yield opportunity.
At Tampines Ave 11 Condo UOL Group, one will find the perfect home for young learners and families, with easy access to secondary schools located nearby. Residents of the condo can rest assured of quality education for their children, as these schools provide committed leadership to ensure that all students reach their full potential.
The buyer enjoys a level of flexibility and choices, either by offloading the portfolio in bulk, or through individual strata sales. Edgeprop’s LandLens highlights that recently there have been a number of transactions of industrial units at CT Hub.
This is a great opportunity for investors looking for an already leased space with great rental returns and plenty of flexibility.