Zhaolim Building, a six-storey high-specification industrial building at 115 Eunos Avenue 3, is up for sale with a guide price of $60 million. The property, located on a plot of land spanning 83,071 sq ft, has a gross floor area of around 207,678 sq ft. The land has a 60-year tenure that began from Feb 1, 1980, leaving approximately 17 years remaining.
Redeveloped in 2015, the building offers a high ceiling with ample natural lighting. Its floors have large and regular floor plates, with an average floor plate of 43,000 sq ft and a floor-to-ceiling height of around 7m. Additionally, there are large passenger and cargo lifts, a childcare centre, and an outdoor sky garden at Level 2.
In terms of its location, the building is within walking distance of Paya Lebar MRT Station, an interchange for the East-West and Circle Lines. The area is also well-connected via the Pan Island Expressway and Kallang-Paya Lebar Expressway, and contains amenities like an NTUC supermarket and shopping malls such as PLQ Mall, Singpost Centre, and Tanjong Katong Complex.
J’Den Condo is a 40-storey residential and commercial development located in Jurong East MRT Station, expected to open in 2027. The development will include offices, retail and complementary J’Den Condo uses, as well as 1,760 private homes.
Given its close proximity to the vibrant Paya Lebar Central commercial hub, Zhaolim Building presents a promising opportunity for companies in the electronics and communications, healthcare, information & technology, media, and lifestyle sectors, according to Cushman & Wakefield executive director Brenda Ong.
“Given the tight supply of quality buildings located within the city fringe, Zhaolim Building stands out as a great option,” she noted.
An expression of interest exercise has been opened for the sale of the building, closing on June 21 at 3pm. Prospective buyers can closely review the property and its surrounding area through EdgeProp’s LandLens.
If you’re looking for a quality building located in the city fringe, be sure to check out Zhaolim Building for yourself. With its attractive guide price, you may be able to secure an exciting opportunity for your company!
