Freehold Sixth Avenue shophouse up for sale

CBRE has launched an an expression-of-interest exercise for a freehold corner shophouse at 8/8A Sixth Avenue. The property sits on 2,451 sq ft of land, with a total gross floor area of 2,519 sq ft.

It has dual-building frontages with high visibility, and comes with approval for F&B use for its ground floor space. It is now fully tenanted and enjoys strong rental income stream, it added.

CBRE, the sole marketing agent for the property, described Sixth Avenue as an affluent residential enclave that has become a lifestyle and recreational venue over the years; the property can thus leverage the hive of the retail and F&B activity in the area

CBRE said buyers can also expect capital upside in the medium term, with the completion of the Sixth Avenue MRT station – a five-minute walk away. It foresees interest from investors, retailers, family offices and high-net-worth individuals.

The expression-of-interest exercise closes on Jan 12 at 3pm.

Source : BT – 24 Nov 2015

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