Industrial building on Eunos Ave 3 for sale at $60 mil
By Jennifer Venkat
/ EdgeProp Singapore |
The property is located on an 83,071 sq ft plot of land and has a gross floor area (GFA) of about 207,678 sq ft. (Photo: Cushman & Wakefield)
SINGAPORE (EDGEPROP) - Zhaolim Building, a six-storey high-specification industrial building at 115 Eunos Avenue 3, is up for sale at a guide price of $60 million.
The property is located on an 83,071 sq ft plot of land and has a gross floor area (GFA) of about 207,678 sq ft. The land has a 60-year tenure that starts from Feb 1, 1980. As such, there are approximately 17 years left to the lease.
Map and overview of Zhaolim Building (Source: EdgeProp LandLens)
Redeveloped in 2015, the building has a high ceiling and receives ample natural lighting, according to Cushman & Wakefield, which is marketing the property. The floors have large and regular floor plates, with a typical floor plate spanning about 43,000 sq ft with an average floor-to-ceiling height of about 7m. The building has large passenger and cargo lifts, along with a childcare centre and an outdoor sky garden at Level 2.
The building is within walking distance of Paya Lebar MRT Station, which is an interchange for the East-West and Circle Lines. It is also well-connected via the Pan Island Expressway and Kallang-Paya Lebar Expressway. Amenities nearby include an NTUC supermarket and shopping malls like PLQ Mall, Singpost Centre and Tanjong Katong Complex.
Recent transactions of property near Zhaolim Building (Source: EdgeProp Research tool)
The building, nestled within the vibrant Paya Lebar Central commercial hub, presents an enticing opportunity for companies from the electronics and communications, healthcare, information & technology, media, and lifestyle sectors, says Brenda Ong, executive director of logistics & industrial at Cushman & Wakefield.
"Given the tight supply of quality buildings located within the city fringe, Zhaolim Building stands out as a great option," she adds.
The sale of the building will be conducted via an expression of interest exercise which closes on June 21 at 3pm.
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