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Property News11 Apr 2019

Eunos industrial building put up for sale

115 Eunos
PHOTO: CUSHMAN & WAKEFIELD

A SIX-storey detached industrial building at 115 Eunos Avenue 3 is up for sale by expression of interest.

It joins other properties in the city fringes that have put on the market this week, including a freehold four-storey commercial building at 118 Joo Chiat Road and a freehold redevelopment site at 51 Lorong 21 Geylang. They have indicative prices of S$20 million and S$23 million respectively.

The Eunos property, which is within a 400 metres walk from Paya Lebar MRT station, has a land area of approximately 7,718 square metres (sq m) with gross floor area of approximately 19,294 sq m, which works out to a gross plot ratio of about 2.5.

Sitting on JTC (formerly HDB) land, the three-year old building has a leasehold tenure of 60 years commencing from Feb 1, 1980, with a balance of approximately 21 years.

While no indicative price has been disclosed, the building, which has a single owner, has a rental yield of about eight to 10 per cent, according to sole marketing agent Cushman & Wakefield.

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