A prized, freehold non-conservation corner shophouse within the affluent Sixth Avenue Bukit Timah for sale

Savills Singapore, as the exclusive marketing agent, is proud to offer a prized, freehold non-conservation corner shophouse, situated within the affluent Bukit Timah Sixth Avenue district, via an Expression of Interest exercise, for sale.

Prominently located at the corner plot of Sixth Avenue, 8 Sixth Avenue (“the Property”) enjoys prominent 30-meter dual street frontages and bustling traffic flow around the clock. Sitting on a freehold site of approximately 2,451 sq ft, the 2-storey non-conservation shophouse has an existing floor area of approximately 3,183 sq ft. It boasts a large outdoor refreshment area that can accommodate up to 30 pax.

The Property’s ground floor enjoys part F&B approval as a restaurant, and part takeaway shop as a bakery. The second floor is currently vacant and primed for investors/end-users looking to operate their own operations. Currently approved as a commercial school, prospective purchasers can explore a variety of alternative uses for the second floor, including educational, fitness center, healthcare, medical, home & living lifestyle businesses, showrooms, retail, subject to the authority’s approval.

Sixth Avenue at Bukit Timah has long been regarded as one of the most affluent residential enclaves in Singapore, surrounded by Good Class Bungalows, landed houses, and private condominiums. Over the years, the Bukit Timah area has transformed into a unique lifestyle and recreational option for residents in the vicinity. Trendy cafes and eateries in the area include Le Rida, Brazil Churrasco, Meat n’ Chill, Caruso, and so on.

Enjoying seamless accessibility, the Property is a 3-minute walk (230m) to Sixth Avenue MRT Station (DT7) and a 1-minute walk to the nearest bus stop. Street parking lots are available right in front of the Property, and ample parking lots are available in the commercial building located within the immediate vicinity. While the Property already enjoys high patronage from residents in the vicinity, it is poised to further benefit directly from the increased footfall and traffic brought by the new condominium developments in the vicinity, Royal Green, and Fourth Avenue Residences.

Ms. Yap Hui Yee, Executive Director, Investment Sales & Capital Markets at Savills Singapore, shared: “Arguably the one and only Sixth Avenue shophouse available for sale today, this offering provides an exceptional opportunity to acquire a prominent freehold shophouse located within the affluent D10 Bukit Timah district. Such an offering is hardly made available; especially one that enjoys a highly visible corner plot location with F&B approval on the ground floor. This is a great option for both owner-occupants and investors seeking wealth preservation and capital appreciation.”

The guide price for 8 Sixth Avenue is $14.5 million. According to the Master Plan 2019, the Property is zoned “Residential with Commercial at 1st storey”.

The sale will be conducted through the Expression of Interest exercise, which closes on Tuesday, 21 March 2023, at 3pm.