Industrial building at Ubi Avenue 4 on the market for $50 million
The 5-storey industrial property which is located at 152 Ubi Avenue 4 has a ceiling height of gross floor area (GFA) of 96,549 sq ft building and comes with heavy-duty loading base which suits diverse trades, is in the market for sale by an expression of interest at $50 million. Occupying on a land plot with 49,187 square fee, this Jurong Town Corportation light industrial building is replenished with approval of a 30+30 year lease with effect from Feb 1, 1997, has four years remaining on the lease, with the option for renewal by another 30 years.
The factory, accordingly to URA 2K19 Master Plan, the site is zoned for “Business 1” use with a 2.0 plot ratio has a basement parking which can accomodate 56 cars, . It is approved for the e-commerce and information and communication technologies (ICT) industries.
The $5 million renovations which cost the present owners completed last year. The hefty renovation works which include upgrading the elevator, communal area, private lap pool, putting green, workstation areas and the compound landscaping. The building has the latest state-of-art technology from its close-circuit television system, cooling tower air-conditioning system and in-house smart lift. Solar panels which makes the building energy-efficient and sustainable in accordance to BCA latest guideline have been installed on the exterior of the building.
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