Freehold coffee shop at Jalan Besar up for sale at $28 mil
Sophia Lim, associate supervisor, financial investment sales & funding markets at Savills Singapore, sees the coffee bar device as an engaging opportunity provided the unusual availability of such homes on Jalan Besar. “Freehold cafe units have actually long been viewed as generational assets and are usually tightly held,” she adds.
The residential property appreciates 40m frontage along Jalan Besar, and also can also be accessed from Foch Road. The existing proprietor has also gotten approval from the MCST to position signing boards on the building’s exterior.
“With the current deals of HDB leasehold coffeehouse at document rates, this property supplies an unusual chance to acquire a freehold coffee shop enjoying famous frontage as well as exposure within the fast-evolving place of Jalan Besar,” Lim states.
Coffee bar in the Jalan Besar district are expected to benefit from the resilient F&B view coming out of the pandemic, while upcoming HDB Build-To-Order (BTO) growths in the close-by Kallang-Whampoa estate are likewise expected to enhance Jalan Besar’s captive catchment.
A two-storey estate coffeehouse system situated at Hoa Nam Building along Foch Road in the Jalan Besar location is up for sale by means of an expression of rate of interest exercise. As necessary to advertising and marketing agent Savills Singapore, the residential or commercial property is on the market with an overview cost of $28 million.
Map as well as summary of Hoa Nam Building
The building, which is zoned for industrial usage, has a total strata floor area of 4,510 sq ft. Both floorings of the building have F&B approvals. The ground floor currently consists of six food stalls and one drink delay. The top flooring can be accessed through an inner staircase from the very beginning or from an exterior escalator.
Hoa Nam Building is a mixed-use growth comprising domestic, workplace and retail devices. It is within strolling range to Bendemeer MRT Station on the Downtown Line and also Farrer Park MRT Station on the North East Line.
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