A high-quality light industrial building situated at 4 Ubi View in Singapore’s Paya Lebar-Ubi industrial area is now available for sale through an expression of interest (EOI) exercise, announced Brilliance Capital on Sept 26. With five storeys, the building spans approximately 22,321 sq ft in land area and 44,775 sq ft in gross floor area.
The property, held under a 60-year private leasehold (non-JTC) has been zoned under “Business 1” with a plot ratio of 2.0. With a lease starting from January 1999, there are 34 years remaining on the lease. Unlike residential properties, foreigners and companies are eligible to purchase this property without having to pay additional buyer’s or seller’s stamp duty.
The building’s convenient location provides easy access to major expressways such as the PIE and CTE, and it is within walking distance of the Ubi MRT Station on the Downtown Line. As it is a private leasehold property, there is no land rent payable, providing a significant advantage for buyers looking for a cost-efficient and long-term asset, explains Sammi Lim, founder and executive director of Brilliance Capital.
The building’s high specifications and ceiling heights of up to 6.4m make it suitable for operations requiring robust infrastructure, says associate director of Brilliance Capital, Mark Tan. Moreover, buyers have the opportunity to secure naming and signage rights, which enhance their visibility in a prime industrial area.
Those interested can submit their offers through the EOI, which will close on Nov 8 at 3pm.