Freehold coffee shop at Jalan Besar up for sale at $28 mil
Hoa Nam Property is a mixed-use project making up household, office and retail units. It is within walking range to Bendemeer MRT Terminal on the Downtown Line as well as Farrer Park MRT Terminal on the North East Line.
“With the recent purchases of HDB leasehold coffee shops at document rates, this possession gives an unusual opportunity to acquire a property coffeehouse appreciating popular frontage as well as visibility within the fast-evolving place of Jalan Besar,” Lim says.
The property, which is zoned for profitable usage, has a complete strata floor place of 4,510 sq ft. Both floors of the building have F&B approvals. The ground level presently contains 6 food stalls as well as one drink delay. The top flooring can be accessed by means of an inner stairs from the ground floor or from an external escalator.
Coffeehouse in the Jalan Besar precinct are anticipated to gain from the resilient F&B belief coming out of the pandemic, while upcoming HDB Build-To-Order (BTO) developments in the neighboring Kallang-Whampoa estate are also expected to boost Jalan Besar’s captive catchment.
The property enjoys 40m frontage along Jalan Besar, and also can likewise be accessed from Foch Road. The current owner has actually likewise obtained confirmation from the MCST to position signing boards on the structure’s exterior.
A two-storey estate coffeehouse unit located at Hoa Nam Structure along Foch Road in the Jalan Besar location is up for sale through an expression of interest activity. Accordingly to marketing representative Savills Singapore, the real estate is on the market with an overview price of $28 million.
Sophia Lim, associate director, financial investment sales & resources markets at Savills Singapore, checks out the cafe unit as an engaging opportunity offered the uncommon accessibility of such properties on Jalan Besar. “Freehold cafe units have long been viewed as generational properties as well as are usually securely held,” she adds.
The expression of interest exercise for the building will close on Sept 21 at 3pm.