Freehold coffee shop at Jalan Besar up for sale at $28 mil

The commercial property, which is zoned for retail 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 currently consists of 6 food stalls and also one drink delay. The upper floor can be accessed using an inner stairs from the ground level or from an external escalator.

The building appreciates 40m frontage along Jalan Besar, and can likewise be accessed from Foch Roadway. The current proprietor has actually likewise acquired confirmation from the MCST to put signing boards on the structure’s exterior.

“With the recent purchases of HDB leasehold coffeehouse at record prices, this property supplies an uncommon possibility to acquire a freehold cafe appreciating famous frontage and also exposure within the fast-evolving area of Jalan Besar,” Lim claims.

Pasir Ris 8 Singapore

Coffeehouse in the Jalan Besar precinct are anticipated to take advantage of the buoyant F&B belief coming out of the pandemic, while upcoming HDB Build-To-Order (BTO) properties in the nearby Kallang-Whampoa estate are additionally predicted to increase Jalan Besar’s restricted catchment.

Sophia Lim, associate supervisor, financial investment sales & capital markets at Savills Singapore, checks out the cafe unit as a compelling chance provided the unusual availability of such estates on Jalan Besar. “Freehold coffee bar units have actually long been viewed as generational possessions as well as are generally snugly held,” she adds.

A two-storey estate coffee shop unit located at Hoa Nam Structure along Foch Road in the Jalan Besar local area is up for sale through an expression of interest activity. Accordingly to advertising and marketing representative Savills Singapore, the commercial property is on the marketplace with a guide cost of $28 million.

Hoa Nam Establishment is a mixed-use structure comprising residential, office and retail units. It is within walking proximity to Bendemeer MRT Station on the Downtown Line as well as Farrer Park MRT Station on the North East Line.

The expression of interest exercise for the building will close on Sept 21 at 3pm.

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