Connaught Avenue in Taman Connaught is a mixed development comprising of shop offices and service apartments. Developed by Akisama Enterprise, this new development is spread over 8.66 acres of leasehold land and is expected to be completed in 2012.Keeping the shop office area modern and airy, Connaught Avenue is being built with an integrated building design that features a boulevard concept. There are 2 types of shop offices available at Connaught Avenue. They are 2-storey shop offices, and 3-storey shop offices. There are only 18 2-storey shop lots available at Connaught Avenue, and they have a built-up area of between 2,421 - 3,922 sf and have 4 toilets. There are 68 units of 3-storey shop offices, and they have a built-up area of 3,558 - 8,327 sf. There are 6 toilets in this shop office type. Shop offices had an original launch price from RM830,000.00 onwards.Other than this, there are more than 600 car parking bays, which may be just enough for workers and clients to visit Connaught Avenue. Individual shop units come with ceramic wall tiles and floor tiles for the toilet area, floor tiles for the staircase, as well as a handrail for the staircase.There are 385 units of service apartments at Connaught Avenue, with a built-up area of 950 sf. With an original launch price from about RM180,500 onwards, they are 3 bedroom, 2 bathroom apartments which are perfect for small families. All units at Connaught Avenue come with skim coat ceiling, ceramic walls up to the ceiling in the kitchen and bathrooms, ceramic floor tiles for all of the bedrooms, kitchen, dining, and living areas, as well as a decorative solid fire rated main entrance door to keep your family safe.Those who were lucky enough to buy a service apartment unit at Connaught Avenue during the launch promotion also got numerous freebies worth just under RM30,000. These include free maintenance fees for 2 years, 3 bedroom wardrobes, free kitchen cabinets, water heater points with fitting, shower screens, air conditioning point with piping, additional lighting point and fan point, and an additional socket point. In addition, bedroom floors could be upgraded to ceramic floor tiles with timber skirting.The facilities at Connaught Avenue include a swimming pool, wading pool, pool terrace, children's playground, 24 hour security, and a landscaped roof garden.Location-wise, Connaught Avenue is easily accessible via the Cheras Kajang Highway, which links the Grand Saga Highway and Connaught Expressway. To further enhance the traffic floor, the Jalan Cheras link with the Middle Ring Road 2 was upgraded to 6 lanes. Alternatively, for those who prefer to use public transport, it is a mere 5 minutes away to both of the Salak Selatan LRT and KTM train stations. It is also only 200 metres away from the proposed Cheras LRT station.This location is convenient, as Connaught Avenue is only 1 kilometre away from the Leisure Mall and is next to EconSave hypermarket, where residents can do their shopping for groceries and other essentials. It is also a mere 6 km away from MidValley Mega Mall, 10km to Bangsar and KL city for all of your shopping and entertainment needs. Sports buffs will also like the fact that it is only 6km away from Bukit Jalil Sports Complex for all their sporting needs.
Property Details
Name: Connaught Avenue Address: Taman Connaught, Cheras, Kuala Lumpur Developer: Akisama Enterprise Completion Date: March 2012 (estimate) Type: Mixed Commercial Tenure: Leasehold No. of Blocks Serviced Apartment: 2 No. of Storey Serviced Apartment: 18 No. of Units Shop-Office: 86 Service Apartment: 385 Land Area: 8.66 acres Built-up 2-Storey Shop-Office: 2,521 - 3,922 sf 3-Storey Shop-Office: 3,558 - 8,327 sf Service Apartment: 950 sf Launch Price Shop Office: From RM830,000 Service Apartment: From RM180,500Facilities
Swimming pool Wading pool Pool terrace Children playground 24 hours security Roof garden landscapeMarket Trends
Latest transaction in Connaught Avenue, Cheras
SPA Date |
Address |
Size |
Price |
22/12/2017 |
D-X-X, NOX, JALAN X, TAMAN BUKIT CHERAS |
950 ft2 |
780000 |
06/12/2017 |
D-X-XA, JALAN X/X |
950 ft2 |
440000 |
17/11/2017 |
C-X-X, NOX, JALAN X, TAMAN BUKIT CHERAS |
950 ft2 |
500000 |
06/09/2017 |
C-X-X, JALAN X/X |
950 ft2 |
408000 |
28/08/2017 |
C-XA-X, JALAN X/X |
950 ft2 |
418000 |
Analysis
Connaught Avenue is a mixed commercial development in Taman Connaught in Cheras. The shop offices are perfect for those who want a modern shop office in the Taman Connaught area. In addition, as it is in a boulevard format and is part of a residential area, suitable tenants would include lifestyle-related tenants such as restaurants, hairdressers, clothing shops, and more.The most exciting prospect (for both potential shop investors as well as in general) are the service apartments. This mid-range priced service apartments are quite affordable and caused a stir in the market, as they were one of the fastest snapped up launches in the Malaysian property market.Although the serviced apartments at Connaught Avenue are considered small at less than 1,000 sf and thus do not have a real 'wow' factor, as there are only a couple of community facilities. But what seals the deal are the RM29,000 worth of freebies at launch. It is no wonder that these service apartments are selling like hot cakes - after all - who wouldn't want freebies!Potential investors in the serviced apartments at Connaught Avenue would be locals of all ages who wish to buy them for investment purposes. Young working professionals and small families who want to live in Cheras are suitable for these apartments for several reasons. Cheras, including Taman Connaught, is a matured housing area with many established amenities including food, shops, and so on. Young working professionals who are currently living with their families will find these service apartments originally priced from RM180,000+ as affordable and a good upgrade that is still near their families and everything else familiar that they grew up with. Small families are also suitable because of this reason.In addition, with lots of shopping around the corner, train stations within walking distance, and much more - why else wouldn't potential investors want to invest in Connaught Avenue? If everything is built well and the management is excellent - the only foreseeable downside is that the shop office area may be rather busy if becomes popular.