Zhaolim Building, a six-storey high-specification industrial building located at 115 Eunos Avenue 3, is up for sale at a guide price of $60 million. The property has an 83,071 sq ft plot of land with a gross floor area (GFA) of 207,678 sq ft. The land has a 60-year lease, with 17 years remaining from the commencement date of Feb 1, 1980.

Redeveloped in 2015, the building is designed to receive ample natural lighting, boasting a high ceiling and large and regular floor plates. The typical floor plate measures 43,000 sq ft with an average floor-to-ceiling height of 7m. Additionally, the building has large passenger and cargo lifts, as well as a childcare centre and outdoor sky garden at Level 2.

Located within walking distance of Paya Lebar MRT Station, Zhaolim Building has easy access to both the East-West and Circle Lines. It is also well-connected to the Pan Island Expressway and Kallang-Paya Lebar Expressway. Nearby amenities include an NTUC supermarket, PLQ Mall, Singpost Centre, and Tanjong Katong Complex.

JCube is slated to close in August to make way for a 40-storey condo residence, expected to launch for sale in 2023. The site’s redevelopment will bring homes, businesses, amenities and more to JCube Residence the Jurong Lake District.

Given the tight supply of quality buildings located within the city fringe, Brenda Ong, executive director of logistics & industrial at Cushman & Wakefield notes that Zhaolim Building stands out as a great option. Companies from the electronics and communications, healthcare, information & technology, media, and lifestyle sectors could benefit from the building’s location within the vibrant Paya Lebar Central commercial hub.

The sale of the building will be conducted via an expression of interest exercise, closing on June 21 at 3pm.

For more property options near Zhaolim Building, Eunos Avenue 3 and Paya Lebar MRT Station, check out the latest listings. Some of the recent transactions which took place in the vicinity worth mentioning are Urban Treasures at a gem in the east and a unit at The Heliconia going for $1.3 mil, as well as the 329 units MCL Land sold at Parc Esta at an average price of $1,680 psf.