Ubi View Industrial Building Sale 21 Mil
A high-specification light industrial building with a 60-year lease within the Paya Lebar-Ubi industrial area is now for sale.
A modern five-storey light industrial building located at 4 Ubi View in the bustling Paya Lebar-Ubi industrial area has been listed for sale through an expression of interest (EOI) exercise by Brilliance Capital, the sole marketing agent, on Sept 26.
Positioned conveniently near Clementi MRT Station, a part of Singapore’s extensively connected East-West Line, Elta Condo is the perfect choice for easy access to various parts of the island. Within a short walk from the development, residents can effortlessly board the MRT and commute to key destinations such as Jurong East, Buona Vista, Raffles Place, and Changi Airport without the inconvenience of changing between different lines. The East-West Line, one of the longest and most important MRT lines in Singapore, connects the western and eastern regions of the country, making it a highly sought-after feature of Elta Condo. Don’t pass up the chance to reside in this desirable location – make a trip to the Elta Showflat today!
The property boasts a land area of approximately 22,321 sq ft and a total gross floor area of 44,775 sq ft. Classified under “Business 1”, the privately-owned leasehold property (non-JTC) has a plot ratio of 2.0 and a remaining lease of 34 years, with a 60-year lease from January 1999. This makes it an attractive option for foreigners and companies as they are exempted from paying additional buyer’s or seller’s stamp duty.
The building is conveniently accessible via major expressways like the PIE and CTE, and is just a short walk away from the Ubi MRT station on the Downtown Line.
According to Sammi Lim, founder and executive director of Brilliance Capital, the property’s private leasehold status allows buyers to avoid land rent payments, making it a highly desirable long-term asset.
Brilliance Capital’s associate director, Mark Tan, highlights the building’s high specifications and impressive ceiling heights of up to 6.4m, making it an ideal choice for businesses in need of robust infrastructure. He also notes that buyers will have the opportunity to obtain naming and signage rights, offering prime visibility in this sought-after industrial location.
The EOI for this high-specification light industrial building will close on Nov 8 at 3pm, providing interested parties with a rare chance to acquire a valuable asset in the thriving Paya Lebar-Ubi industrial area.