Marketing Agent, Cushman & Wakefield invites Expression of Interest for a six-storey industrial building located at 115 Eunos Avenue 3, District 14 before 3 pm, 16th May.
Being a detached building and boasting a corporate image, it offers some desirable high-end specifications.
The floor plate is attractively regular and large about 43,000 sq ft. The floor to floor height is about seven meters and imparts a lofty feeling.
Configured with high floor loading and large passenger/cargo lifts, typical for commercial buildings, it is self-contained with a ground floor canteen and covered car park.
Built just three years back, the sole owner has not disclosed the asking price yet.
While a freehold four-storey commercial building in the vicinity at 118 Joo Chiat Road has been put up for sale at S$20 million this week, another freehold redevelopment site at 51 Lorong 21 Geylang has an asking price of S$23 million.
Built on a land area of 7,718 sqm approx. with GFA 19,294 sqm, it has about 21 years left from a 60 years leasehold that commenced in 1980.
All 15 units being fully tenanted, the building has a rental yield of about 8 to 10% from day one, not to mention the possible rental increment terms signed up with these tenants.
In term of connectivity and location, the industrial property has one of the best.
Conveniently located within 400 meters walking distance from Paya Lebar Central (Upcoming Bustling Commercial Hub) which include Paya Lebar MRT Station (Interchange), that connects to the rest of the Island through Circle Line and East West lines.
Furthermore, it is also well connected through expressways (PIE & ECP) and roadways (Changi Road, Sims Avenue and Paya Lebar Road).
Situated within 10 minutes drive from Central Business District (CBD) it is highly advantageous for regional offices located at CDB with intentions to establish their industrial unit in close proximity.
Scarce availability of new units with top industrial specifications, high office and industrial rental yield in Paya Lebar at par with CBD, JTC efforts that transformed the Eunos Industrial area etc., are some valuable reasons that make this industrial property highly attractive for investment purpose.