Located in the vibrant Paya Lebar Central commercial hub, the six-storey high-specification industrial building at 115 Eunos Avenue 3, known as Zhaolim Building, is up for sale. This property has a gross floor area (GFA) of 207,678 sq ft, located on an 83,071 sq ft plot of land with a 60-year tenure that starts from Feb 1, 1980. Currently, there are approximately 17 years left to the lease.Redeveloped in 2015, Zhaolim Building offers a high ceiling and receives ample natural lighting, with large and regular floor plates. The average floor-to-ceiling height is approximately 7m, and typical floor plate spans 43,000 sq ft. Additional features include large passenger and cargo lifts, childcare centre, and an outdoor sky garden at Level 2.The building’s strategic location is within walking distance to Paya Lebar MRT Station, an interchange for the East-West and Circle Lines. It’s also easily accessible via the Pan Island Expressway and Kallang-Paya Lebar Expressway, with amenities like NTUC supermarket and shopping malls near by.This property presents an attractive opportunity for companies from the electronics and communications, healthcare, information & technology, media, and lifestyle sectors. According to 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.”The building is up for sale via an expression of interest exercise and guide price of $60 million, which closes on June 21 at 3pm.
Zhaolim Building, a six-storey high-specification industrial building located at 115 Eunos Avenue 3, is on the market for $60 million. This property has a gross floor area (GFA) of 207,678 sq ft, and is sited on an 83,071 sq ft plot of land with a 60-year tenure that began on Feb 1, 1980. With approximately 17 years to the lease remaining, it’s a great opportunity for the savvy investor.
Premium features include a high ceiling which receives ample natural lighting, large and regular floor plates with an average floor-to-ceiling height of 7m and a typical floor plate of 43,000 sq ft. There are also large passenger and cargo lifts, as well as a childcare centre and an outdoor sky garden on the second floor.
Nestled in the dynamic Paya Lebar Central commercial hub, Zhaolim Building is within walking distance of Paya Lebar MRT Station, an interchange for the East-West and Circle Lines. It’s also conveniently situated near the Pan Island Expressway and Kallang-Paya Lebar Expressway, as well as NTUC supermarket and nearby malls like PLQ Mall, Singpost Centre and Tanjong Katong Complex.
All of these attributes make Zhaolim Building a great option for companies from the electronics and communications, healthcare, information & technology, media and lifestyle industries, according to Brenda Ong, executive director of logistics & industrial at Cushman & Wakefield.
– EC buyers have a cheaper alternative to purchasing a private condominium, but should understand HDB restrictions on renting/selling and that Deferred Payment Scheme HDB Executive Condominium will cost more overall than the Normal Payment Scheme.
If you’re interested in this property, be sure to take note of the expression of interest exercise, which closes at 3pm on June 21.