Ubi View Industrial Building Sale 21 Mil
The light industrial building at 4 Ubi View in the Paya Lebar-Ubi industrial area is now up for sale through an expression of interest (EOI) exercise, according to sole marketing agent Brilliance Capital on Sept 26.
The five-storey building boasts a high standard of specifications and offers a gross floor area of about 44,775 sq ft on a land area of approximately 22,321 sq ft. With a 60-year lease from January 1999, it still has 34 years remaining on the lease. The property is zoned “Business 1” with a plot ratio of 2.0, making it an ideal investment for both foreigners and companies as there is no additional buyer’s or seller’s stamp duty to be paid.
Conveniently located near major expressways like the PIE and CTE, the building is also within walking distance of the Ubi MRT Station on the Downtown Line.
One of the main advantages of this private leasehold property is that there is no land rent to be paid, making it an attractive option for buyers looking for a cost-effective and long-term asset, says Sammi Lim, founder and executive director of Brilliance Capital.
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According to Mark Tan, associate director of Brilliance Capital, the building’s high specifications and ceiling heights of up to 6.4m make it an ideal space for businesses that require robust infrastructure. Furthermore, buyers will have the added benefit of naming and signage rights, which will increase their visibility in this prime industrial area.
The EOI for this property will close on Nov 8 at 3pm.