Airbus puts Seletar Aerospace Park facility up for sale at S$20 million upon Kelley Aerospace’s exit
CBRE, which is marketing the property, says it is suitable for an aviation business and can be used to maintain, repair and operate aircraft
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AIRBUS has put an industrial building in Seletar Aerospace Park on the market this month for S$20 million. This comes after tenant Kelley Aerospace vacated the building following a legal dispute over unpaid rent.
Located at 110 Seletar Aerospace View, the three-storey property sits on a 189,338-square-foot (sq ft) plot of land and has direct runway access. It also houses a hangar, simulator halls, ancillary office and 75 car park lots.
The plot has a tenure of 30 years that began on Dec 1, 2009, with a further term of 10 years granted. The purchaser has the option to renew the lease for 20 years when the lease expires on Nov 30, 2049.
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