Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm has been exclusively appointed for the sale of a six-storey high-specification industrial building located at 115 Eunos Avenue 3, also known as Zhaolim Building.
The property sits on an 83,071 sqft plot of land and has a gross floor area of about 207,678 sqft. The JTC-owned land has a 60-year tenure that starts from Feb 1, 1980, with approximately 17 years left to the lease. This six-storey building which was redeveloped in 2015 has a high ceiling and enjoys ample natural lighting. The floor plates are regular and large, which is great for space planning. A typical floor plate spans about 43,000 sqft, while the average floor-to-ceiling height is about 7 metres. It has large passenger and cargo lifts, as well as a childcare centre and an outdoor sky garden at level 2.
Conveniently situated within walking distance to Paya Lebar MRT station (EW8/CC9) and well connected via Pan Island Expressway (PIE) and Kallang-Paya Lebar Expressway (KPE), Zhaolim Building is also minutes away from a wide selection of lifestyle and F&B amenities including NTUC supermarket and 3 large shopping malls like PLQ mall, Singpost Centre and Tanjong Katong Complex.
"Zhaolim Building, nestled within the vibrant Paya Lebar Central commercial hub, presents an enticing opportunity for companies from Electronics and Communications, Healthcare, Information & Technology, Media, and Lifestyle sectors," said Brenda Ong 王俐頻, 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 added.
The sale will be conducted via an Expression of Interest exercise which closes on 21 June 2023, Wednesday at 3pm.