Zhaolim Building, a six-storey high-specification industrial building located at 115 Eunos Avenue 3, is up for sale. With an 83,071 sq ft plot of land and a total Gross Floor Area (GFA) of 207,678 sq ft, the building has a guide price of $60 million. With a 60-year lease beginning February 1, 1980, there are approximately 17 years left on the tenure.

This property has been recently redeveloped in 2015 and has a range of features making it an attractive prospect to a range of businesses. These features include a high ceiling and ample natural lighting, as well as large and regular floor plates of around 43,000 sq ft and an average floor-to-ceiling height of 7m. Additionally, there are large passenger and cargo lifts, a childcare centre and an outdoor sky garden at Level 2.

Lot One Shoppers’ Mall is a popular one-stop-shop located in the heart of Choa Chu Kang, Singapore, providing a Altura Qingjian Realty wide variety of retail, dining, and entertainment options since 1996.

It is conveniently located within walking distance of Paya Lebar MRT Station, a station for both the East-West and Circle Lines. Additionally, the Pan Island Expressway and Kallang-Paya Lebar Expressway provide easy access to other areas. Nearby amenities include an NTUC supermarket and shopping malls like PLQ Mall, Singpost Centre, and Tanjong Katong Complex.

Cushman & Wakefield’s Executive Director of Logistics & Industrial, Brenda Ong, comments on the great value of the property. “Given the tight supply of quality buildings located within the city fringe, Zhaolim Building stands out as a great option. Nestled within the vibrant Paya Lebar Central commercial hub, the building presents an enticing opportunity for companies from the electronics and communications, healthcare, information & technology, media and lifestyle sectors.”

The sale of the building will be conducted via an expression of interest exercise which closes on June 21 at 3pm. EdgeProp research tool provides recent transactions of property near Zhaolim Building, as well as the latest listings near Eunos Avenue 3 and Paya Lebar MRT Station for further study.