i-Avenue, Bukit Jambul
i-Avenue (also known as Ideal Avenue) is a freehold shop-office development that is located in Bukit Jambul, Penang Island. The built-up available at this property is 356 sf to 388 sf for offices and 950 sf to 3,000 sf for shop-offices. Other neighbouring developments around are 1-Square, Arena Curve, Bayan Point, Krystal Point, Krystal Point 2, Krystal Square, Olive Tree Commercial, Quartermile, Sri Relau Complex and Terrace Plus.
The only amenities nearby this shop-office development are some schools. Several of the schools here include SK Bayan Baru and SMK Sungai Nibong (Ppki).
The current rental yield of i-Avenue is 5.08% for offices and 4.94% for shop-offices. The highest rental yield ever recorded was 5.08% in Q4 2020 (office) and 6.24% in Q3 2020 (shop-office); while the lowest one was 4.64% in Q3 2016 (office) and 4.94% in Q1 2021 (shop-office). Meanwhile, the most common unit layouts and sizes available here are as follows:
The most popular layout and size (built-up) combination at i-Avenue for offices is 360 sf with a median price of RM610 psf. For price wise, the most expensive one is 388 sf with a median price of RM610 psf; while the cheapest one is 356 sf with a median price of RM610 psf.
Lastly, the most popular layout and size (built-up) combination at i-avenue for shop-offices is 1,000 sf with a median price of rm720 psf. For price wise, the most expensive one is 950 sf with a median price of RM760 psf; while the cheapest one is 1,227 sf with a median price of RM650 psf.
Latest i-Avenue sale listings:
| Date | Property Type | Built-up | Price |
|---|---|---|---|
| 14 Feb 2024 | Shop-Office | 950 sf | RM720,000 |
| 4 Feb 2024 | Shop-Office | 950 sf | RM720,000 |
| 22 Sep 2023 | Office | 360 sf | RM220,000 |
| 14 Aug 2023 | Retail | 970 sf | RM1,350,000 |
| 16 Jul 2023 | Retail | 970 sf | RM1,350,000 |
| 25 Nov 2022 | Retail | 970 sf | RM1,450,000 |
| 27 Sep 2022 | Office | 369 sf | RM210,000 |
| 1 Sep 2022 | Office | 360 sf | RM220,000 |
| 30 Mar 2022 | Shop-Office | 1,227 sf | RM799,000 |
| 17 Jan 2022 | Shop-Office | 978 sf | RM528,000 |
Latest i-Avenue rental listings:
| Date | Property Type | Built-up | Rental |
|---|---|---|---|
| Today | Shop-Office | 400 sf | RM1,000 |
| 2 May 2024 | Retail | 1,000 sf | RM5,000 |
| 2 May 2024 | Shop-Office | 2,100 sf | RM5,500 |
| 14 Feb 2024 | Retail | 950 sf | RM5,000 |
| 14 Feb 2024 | Retail | 950 sf | RM5,000 |
| 31 Jan 2024 | Shop-Office | 950 sf | RM720,000 |
| 31 Jan 2024 | Shop-Office | 950 sf | RM720,000 |
| 10 Jan 2024 | Shop-Office | 408 sf | RM1,000 |
| 6 Nov 2023 | Office | 400 sf | RM1,000 |
| 6 Nov 2023 | Shop-Office | 408 sf | RM1,000 |