Freehold coffee shop at Jalan Besar up for sale at $28 mil
The property takes pleasure in 40m frontage along Jalan Besar, and can also be accessed from Foch Roadway. The existing proprietor has actually likewise gotten approval from the MCST to position finalizing boards on the structure’s facade.
“With the current purchases of HDB leasehold cafe at document prices, this asset supplies an uncommon opportunity to acquire a freehold coffeehouse enjoying noticeable frontage and exposure within the fast-evolving area of Jalan Besar,” Lim says.
Sophia Lim, associate director, financial investment sales & funding markets at Savills Singapore, views the coffeehouse unit as a compelling possibility provided the unusual availability of such estates on Jalan Besar. “Freehold coffee shop units have actually long been viewed as generational possessions as well as are typically snugly held,” she adds.
The property, which is zoned for profitable use, has a total strata floor area of 4,510 sq ft. Both levels of the real estate have F&B authorizations. The ground tier currently consists of 6 food stalls and also one beverage delay. The upper floor can be accessed via an inner stairs from the ground level or from an outside escalator.
Coffeehouse in the Jalan Besar district are anticipated to gain from the resilient F&B belief appearing of the pandemic, while upcoming HDB Build-To-Order (BTO) projects in the neighboring Kallang-Whampoa estate are also predicted to enhance Jalan Besar’s restricted catchment.
A two-storey freehold cafe unit situated at Hoa Nam Structure along Foch Roadway in the Jalan Besar location is up for sale using an expression of interest exercise. Accordingly to advertising and marketing representative Savills Singapore, the real estate gets on the marketplace with an overview price of $28 million.
Hoa Nam Building is a mixed-use structure making up housing, office and also retail units. It is within strolling range to Bendemeer MRT Terminal on the Downtown Line and 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.