Portfolio of strata-titled industrial units at CT Hub for sale at $17.2 mil
A portfolio of 12 strata-titled industrial units at CT Hub, located in Kallang Avenue, is on sale at a guide price of $17.2 million. Marketing agent CBRE has noted that the units are fully air-conditioned business spaces and that part of the portfolio has direct access to the car park.
CT Hub is an 11-storey industrial space that was completed in 2012. It has a 99-year lease and is composed of both retail and multi-user components. There are five passenger lifts and two cargo lifts, making it a convenient option for businesses. It’s only a three-minute walk away from the Bendemeer MRT Station on the Downtown line.
Residents can enjoy exclusive access to a range of facilities such as a swimming pool, gym, function room, tennis court, gourmet dining, and even a rooftop garden. Enjoy easy access to surrounding conveniences, such as rowing and sailing clubs, parks, museums, and lifestyle outlets, making Zion Road Condo a private retreat with everything you need for an urban retreat.
The portfolio is fully leased by a music production and HR company for at least four years, yielding an annual rent of around $750,000. Tan Teck Chew, CBRE’s director for industrial and logistics services in Singapore, has stated that the buyer will have the flexibility to exit the investment as a whole or through individual sales.
This opportunity, with its low interest rate environment, offers attractive returns. Recent transactions of industrial units at CT Hub prove the high demand in the area. With its strategic location, excellent connections, and modern infrastructure, this portfolio at CT Hub is definitely an attractive and compelling investment.