Freehold coffee shop at Jalan Besar up for sale at $28 mil
The property enjoys 40m frontage along Jalan Besar, as well as can also be accessed from Foch Road. The present proprietor has additionally acquired confirmation from the MCST to position finalizing boards on the building’s facade.
Coffeehouse in the Jalan Besar district are anticipated to benefit from the buoyant F&B view coming out of the pandemic, while upcoming HDB Build-To-Order (BTO) projects in the close-by Kallang-Whampoa estate are additionally anticipated to increase Jalan Besar’s captive catchment.
Sophia Lim, associate director, financial investment sales & capital markets at Savills Singapore, sees the cafe unit as a compelling chance given the unusual schedule of such properties on Jalan Besar. “Freehold coffeehouse units have actually long been deemed generational possessions and are normally firmly held,” she includes.
“With the current purchases of HDB leasehold coffee bar at record rates, this property supplies an unusual possibility to acquire an estate coffee bar enjoying famous frontage and presence within the fast-evolving area of Jalan Besar,” Lim states.
The commercial property, which is zoned for commercial use, has a complete strata floor place of 4,510 sq ft. Both levels of the real estate have F&B approvals. The ground floor currently includes six food stalls as well as one drink delay. The top flooring can be accessed through an inner stairs from the ground floor or from an exterior escalator.
Hoa Nam Property is a mixed-use development making up household, office as well as retail units. It is within strolling range to Bendemeer MRT Terminal on the Downtown Line as well as Farrer Park MRT Station on the North East Line.
A two-storey property coffee bar unit established at Hoa Nam Structure along Foch Roadway in the Jalan Besar location is up for sale through an expression of interest exercise. Accordingly to marketing representative Savills Singapore, the real estate is on the marketplace with a guide cost of $28 million.
The expression of interest exercise for the real estate will close on Sept 21 at 3pm.