Excitement and fun abound at Sutera Avenue, an exclusive collection of shop offices, standing out with its sleek & contemporary architecture is set to be an exceptionally captivating landmark in the heart of Kota Kinabalu. Sutera Avenue is set to elevate the social and economic spheres of Kota Kinabalu with its brand of lifestyle commercial and retail units.
Kota Kinabalu is often pictured as a location with white sandy beaches, verdant mountains, the freshest seafood and a myriad of cultures. Now, there is another description for the capital of Sabah – property hotspot. Kota Kinabalu’s vibrant economy (which has benefited from the wealth of natural resources including oil palm, timber, and oil and gas), strong tourist trade and growing population base has provided a large market segment for the property industry.
Mah Sing Bhd, through its wholly owned subsidiary, Capitol Avenue Development Sdn Bhd, is riding the wave by introducing its first project in Sabah with a mixed development called Sutera Avenue.
The first phase of the development has an estimated gross development value (GDV) of RM295 million and spreads over 4.26 acres of prime land. The developer plans to develop multi-storey shop offices fronting the coastal highway, which will be complemented by street mall retail lots and service apartments. Sutera Avenue is set to elevate the social and economic spheres of Kota Kinabalu with its brand of lifestyle commercial and retail units.
Sutera Avenue’s strategic location at the southern entrance of Kota Kinabalu’s prime central business district along the coastal highway puts the development at a great advantage. Only 3.9km from the Kota Kinabalu International Airport, this vibrant hub is set to capture the tourists and repeat visitors alike. The clear frontage promises high visibility for commercial and retail businesses, while the sea-facing promenade offers tenants and visitors a gem of a view.
Within the 10-storey 26.5ft x 80ft shop office block are 18 signature lots that encompass the festive street retail mall on the ground level, lifestyle retail lots from the first to the third levels, and signature office suites from the fourth level upwards. Besides the breath-taking view and close proximity to the city centre, Sutera Avenue’s exclusive collection of shop offices breathes convenience all around. It is located opposite the upcoming Gleneagles Medical Centre, within established neighborhoods and just 3.9km away from Kota Kinabalu’s International Airport (KKIA).
Tenants of these shop offices will be privy to unique retail experiences as there will be a wide selection of alfresco cafés, gourmet dining and quaint boutiques. These shop offices are available in 6 different designs, with spacious lot sizes that range between 1,308 sq ft and 4,468 sq ft. The expanse of space is inspired by Mah Sing’s 30 Jewels and Gourmet Street shops in another development, the Icon City in Petaling Jaya, which has been found to appeal to business owners, investors and tenants. The first-of-its-kind street retail in Kota Kinabalu is poised to make each shopping trip and even daily conveniences, a fun & leisurely indulging experience.
There are a total of 212 units of shop offices tagged between RM644 and RM1,525 per sq ft, which puts the price range between RM3,680,000 and RM25,500,000. The amenities and facilities within Sutera Avenue include basement car park, private washrooms, broadband-ready infrastructure and traffic flow management with strategic entrance and exit points (boom gates and ticketing booths).
Besides shop offices and retail experience, urban home seekers will find the stylish comfort, conveniences, personalised housekeeping & concierge services they long for at the contemporary serviced apartments at Sutera Avenue.
These serviced apartments estimated priced from RM780psf. There are two designs to choose from: 1 + 1 bedrooms with built-up ranges from 600sf to 700sf, 2 + 1 bedrooms with built-up from 900sf to 1,200sf.
Sutera Avenue plays gracious host to visitors looking for a getaway and to those with specific business to attend to, making their stay here a highly convenient one. The trendy boutique hotel are open for en bloc investment starting from 50,000sf - 100,000sf, 100,000sf - 150,000sf and 150,000sf - 250,000sf. Sutera Avenue is targeted for completion in the beginning of 2016.
