JLL is pleased to offer a high quality industrial building located in the Ubi District, Singapore for sale & leaseback. Refurbished in 2011, the property is a high quality 5-story single-user light industrial building with a basement located within Jurong Town Corporation’s industrial clusters and benefits from the range of amenities available within the district.
Held on a 30 + 30 year leasehold tenure from HDB, the property comprises of 98,264 square feet of gross floor area over five levels. Level 1 with light manufacturing processes and client receiving area, levels 2 to 5 with general office function. The property is highly accessible via Pan-Island/Kallang-Paya Lebar Expressways and within a short distance to Ubi and Tai Seng MRT Stations on the Downtown Line and Circle Line respectively. Situated within existing industrial clusters and with surrounding infrastructures largely developed, the property enjoys unparalleled site dynamics.
The offering provides an excellent opportunity to acquire 100% interest of a quality industrial building, with a long term leaseback to the Vendor.
- Long term leaseback with fixed annual escalation of 2.0%
- Held on a 30 + 30 year leasehold tenure
- Strong tenant covenant; current tenant is a SGX Mainboard listed company
- Rare industrial land with excellent site dynamics