Freehold coffee shop at Jalan Besar up for sale at $28 mil
Cafe in the Jalan Besar district are anticipated to take advantage of the resilient F&B view appearing of the pandemic, while upcoming HDB Build-To-Order (BTO) developments in the neighboring Kallang-Whampoa estate are likewise assumed to boost Jalan Besar’s captive catchment.
Sophia Lim, associate supervisor, investment sales & funding markets at Savills Singapore, checks out the cafe unit as an engaging opportunity provided the unusual availability of such real properties on Jalan Besar. “Freehold cafe units have actually long been viewed as generational properties and are generally firmly held,” she includes.
The property, which is zoned for profitable use, has a total strata floor place of 4,510 sq ft. Both floors of the real estate have F&B approvals. The ground level presently includes 6 food stalls as well as one drink delay. The upper flooring can be accessed by means of an internal stairs from the ground level or from an outside escalator.
The building enjoys 40m frontage along Jalan Besar, and can likewise be accessed from Foch Road. The existing proprietor has actually additionally acquired approval from the MCST to place signing boards on the building’s facade.
“With the current transactions of HDB leasehold coffeehouse at record costs, this property offers an unusual opportunity to obtain a freehold cafe taking pleasure in popular frontage and also presence within the fast-evolving area of Jalan Besar,” Lim states.
A two-storey property coffee shop unit positioned at Hoa Nam Structure along Foch Road in the Jalan Besar area is up for sale via an expression of interest exercise. Accordingly to marketing representative Savills Singapore, the property is on the market with a guide cost of $28 million.
Hoa Nam Establishment is a mixed-use development making up non commercial, workplace and retail units. It is within strolling proximity to Bendemeer MRT Station on the Downtown Line as well as Farrer Park MRT Terminal on the North East Line.
The expression of interest exercise for the real estate will close on Sept 21 at 3pm.