SINGAPORE (EDGEPROP) – Located in the bustling Paya Lebar-Ubi industrial area, a five-storey high-specification light industrial building at 4 Ubi View has recently been put up for sale via an expression of interest (EOI) exercise, according to Brilliance Capital, the project’s sole marketing agent.
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The property boasts a land area of approximately 22,321 sq ft and a gross floor area of about 44,775 sq ft. It holds a private leasehold (non-JTC) status and is zoned under “Business 1” with a plot ratio of 2.0. The lease, which began in January 1999, has 34 years remaining. As it is not a residential property, foreigners and companies are eligible to purchase without incurring additional buyer’s or seller’s stamp duty.
The building offers easy access to major expressways such as the PIE and CTE, and is conveniently located within walking distance of the Ubi MRT Station on the Downtown Line.
As a private leasehold property, there is no land rent payable, providing a significant advantage for potential buyers seeking a cost-efficient and long-term asset, explains Sammi Lim, founder and executive director of Brilliance Capital.
According to Brilliance Capital associate director Mark Tan, the building’s high specifications, including ceiling heights of up to 6.4m, make it an ideal choice for operations requiring robust infrastructure. He also notes that buyers may have naming and signage rights, increasing their visibility in the prime industrial area.
The EOI for 4 Ubi View closes on November 8 at 3pm.