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)
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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.
Zhaolim Building landlens - EDGEPROP SINGAPORE
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.
market research zhaolim - EDGEPROP SINGAPORE
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.
Check out the latest listings near Zhaolim Building, Eunos Avenue 3, Paya Lebar MRT Station

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