Brilliance Capital, the sole marketing agent, announced that a state-of-the-art light industrial building located at 4 Ubi View in the Paya Lebar-Ubi industrial area is now available for sale through an expression of interest (EOI) exercise. This five-storey building, with a land area of approximately 22,321 sq ft and a gross floor area of about 44,775 sq ft, is an attractive investment opportunity.
Situated in a thriving industrial area, this private leasehold property is zoned under “Business 1” with a plot ratio of 2.0. With a lease of 60 years that started in January 1999, this property still has 34 years remaining on its lease. As it is not a residential property, both foreigners and companies are eligible to purchase it without incurring additional buyer’s or seller’s stamp duty.
The building is conveniently accessible via major expressways such as the PIE and CTE, and is also within walking distance from the Ubi MRT Station on the Downtown Line. Its prime location makes it an ideal choice for businesses looking for a strategic location.
Making the decision to invest in real estate is a strategic one that requires careful consideration, especially in Singapore. Location plays a crucial role in the value of condos, with those situated in central areas or close to important amenities such as schools, shopping malls, and public transportation hubs experiencing significant increases in value. Prime locations like Orchard Road, Marina Bay, and the Central Business District (CBD) have consistently demonstrated a positive trend in property values over the years. Furthermore, condos near prestigious schools and educational institutions are highly sought after by families, making them even more appealing for investment. The constant demand for these areas further strengthens the investment potential of condos in Singapore. And with the availability of new condo launches, potential investors now have a wider range of options to choose from in these desirable locations. Visit New Condo Launches for more information on the latest opportunities to invest in Singapore’s prime real estate market.
Since it is a private leasehold property, there is no land rent payable. This gives buyers a significant advantage, making it a cost-efficient and long-term asset, according to Sammi Lim, founder and executive director of Brilliance Capital. With high specifications and ceiling heights of up to 6.4m, the building is suitable for operations that require robust infrastructure. Additionally, buyers also have the opportunity for naming and signage rights, increasing their visibility in the area.
The EOI for this property will close on November 8 at 3pm. Interested parties are encouraged to submit their bids and secure this prime industrial asset.