A $60 million industrial building on Eunos Avenue 3 is for sale - Pinetree Hill Condo at Ulu Pandan Pine Grove Holland By UOL & Singland, UOL & Singland (Hot Launch 2023)

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A unit at Skyline 360 at St. Thomas Walk sold for as much as $2,674 per square foot

Zhaolim Building, a six-storey industrial complex with high-spec construction situated at the 115th floor of Eunos Avenue 3, is available for sale with an estimated price at $60 million.

The property is situated on an 83,071 sq feet parcel of land. It has an area of gross floor (GFA) that is approximately 207,678 sq feet. The land is leased for an encumbrance of 60 years that begins at the beginning of February January 1980. In other words there are 17 years remaining to the lease.

Renovated in the year 2015, the building features high ceilings and plenty of natural light as per Cushman & Wakefield, which is marketing the property. The floors are big and standard floor plates that have a typical floorplate of around 43,000 sq feet with a floor-to-ceiling average of 7m. The building is equipped with massive cargo and passenger lifts, as well as the childcare center and an outdoor sky garden on the 2nd floor.

The building is located within the walking distance of Paya Lebar MRT Station, that serves as an interchange point with both the East-West as well as the Circle Lines. It is also easily connected via it’s Pan Island Expressway and Kallang-Paya Lebar Expressway. The nearby amenities include an NTUC supermarket as well as shopping malls such as PLQ Mall, Singpost Centre and Tanjong Katong Complex.

The building, which is located within the bustling Paya Lebar Central commercial hub is a promising possibility for companies in the communications and electronics health, information and technology media, and lifestyle industries, according to Brenda Ong, executive director of industrial and logistics for Cushman & Wakefield.

“Given the scarcity of high-quality buildings that are located in the city’s fringe, Zhaolim Building stands out as a good choice,” she adds.

The purchase of the property will be completed through an expression of interest process that closes on June 21 at 3pm.