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SINGAPORE, July 20, 2023 /PRNewswire/ -- Brilliance Capital is pleased to announce the launch of a 5 storey high-specifications industrial building at 152 Ubi Avenue 4 via an Expression of Interest sale exercise. The subject property is a JTC light industrial factory with a 56-lot basement carpark and available power supply capacity of 2 megawatts (MW). The building boasts a land area of approximately 49,187 square feet, with a gross floor area of approximately 96,549 square feet, and comes with high ceilings and heavy-duty flooring, suitable for various industrial uses. Under the current Master Plan, the site is zoned "Business 1" with a plot ratio of 2.0, and has a lease tenure of 30 + 30 years with effect from 1 February 1997. Its current permitted usage is E-Business/ICT purposes.
FOR SALE BY EXPRESSION OF INTEREST, 5 STOREY HIGH-SPECIFICATIONS INDUSTRIAL BUILDING, 152 UBI AVENUE 4 AT S$50 MILLION
Sitting on a rectangular shaped land, the building is an architectural icon of eco excellence and innovation. The façade is sheathed in solar panels which augment the building's energy capabilities and enhance eco-friendly sustainability. In addition, the factory features Passive Optical Lan connectivity throughout its premises.
The property is in a pleasant move-in condition with approximately S$5 million worth of renovation and refurbishment works being completed recently in Year 2022. The works include the upgrading of lobby walls, reception area, lift landings, swimming pool, putting green, office areas, landscaping in the compound, amongst others. It is centrally air-conditioned and equipped with modern fire-fighting equipment and security systems. The building is well served via 2 passenger lifts and 2 cargo lifts.
The Ubi area falls within the Paya Lebar Transformation area and has emerged as a thriving hub for technology, research, and development, attracting both established enterprises and promising startups. Boasting a conducive environment for innovation, the locale offers a plethora of amenities, including state-of-the-art infrastructure, research institutions, educational facilities, and an array of dining and retail options. This thriving ecosystem ensures that businesses operating within the building will have access to a wide range of resources and networking opportunities, fostering a synergistic environment that encourages growth and success.
In addition, the locale offers convenient transport link via Kallang Paya Lebar Expressway (KPE), Pan Island Expressway (PIE), Central Expressway (CTE) and East Coast Park Expressway (ECP). It is a 15 minutes-drive into CBD and within a 9-minute walk to Ubi MRT Station. The Macpherson and Tai Seng MRT stations are also within the vicinity. Public bus services are available along Ubi Avenue 3 and Eunos Link.
Ms Sammi Lim, Founder and Executive Director, Brilliance Capital Pte Ltd, says: "This is an exciting opportunity for businesses and investors seeking a dynamic and forward-thinking hub for innovation. The building offers a rare opportunity to acquire a fully functional, move-in condition and strategically located industrial facility in one of Singapore's most sought-after industrial areas. Added attractions are the comfortable lease term for the site, available 2 MW heavy capacity power supply, basement carpark with 56 lots and building naming rights. The property caters to various industries uses including E-Business activities such as managed hosting, IT hosting and cloud hosting services.
As Singapore continues to be a hub for business and industry in Southeast Asia, supply in the industrial sector remains tight, and this factory represents an excellent investment opportunity for businesses looking to expand their operations or to establish a presence in Singapore. The industrial estate in Ubi has a long-standing reputation for attracting reputable businesses across various sectors, including E-commerce, distribution, logistics and automotive.
We expect the property to attract keen interest from a wide pool of buyers who have been on the lookout for the ideal asset, as this offers an unparalleled investment opportunity for businesses looking to establish themselves in Singapore's vibrant economy. This is also a timely opportunity for buyers to enter the market and secure a base for long term operations."
As an industrial zoned property, this purchase is open to both local and foreign buyers with no Additional Buyers' Stamp Duty (ABSD).
Brilliance Capital is the sole marketing agent for this Expression of Interest Exercise.
The Expression of Interest closes on 23 August 2023, Wednesday at 3.00 pm.
About Brilliance Capital Pte. Ltd.
Brilliance Capital is a full-service real estate agency that assists and advises ultra-high net worth individuals, local and foreign family offices, as well as property developers, publicly listed companies, and local and overseas private funds on the purchase and sale of real estate assets. Founded and led by Sammi Lim, the firm engages the industry's most elite professionals, and boasts a dynamic team of agents specializing in the sale and leasing of the entire spectrum of properties which includes, residential condominiums, landed houses, commercial properties, industrial assets, collective sales, as well as consultancy and advisory services.
