Greenwood Ave freehold restaurant for sale at $15.5m

The property is approved for restaurant use and is fully-leased.

A freehold restaurant until at the junction of Greenwood Avenue and Hillcrest Road is up for sale for $15.5m, announced JLL.

The property features 2,669 sq ft of strata area on the ground floor. It has about 300 sq ft additional area, used for outdoor dining areas. The total combined area of the strata unit is about 2,969 sq ft.
 
The property sits on a corner plot with dual road frontages spanning 27 metres. It is approved for restaurant use and is fully leased to two restaurants. 

Foreigners and entities are eligible to purchase without Additional Buyer’s Stamp Duty or Seller’s Stamp Duty.

The expression of interest exercise will close on 26 September, Thursday, at 3PM.