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

Tengah EC Project Details

“With the current purchases of HDB leasehold coffeehouse at document rates, this property supplies a rare chance to acquire a freehold coffee bar appreciating noticeable frontage as well as visibility within the fast-evolving place of Jalan Besar,” Lim states.

Hoa Nam Building is a mixed-use growth consisting of property, office as well as retail systems. It is within walking distance to Bendemeer MRT Station on the Downtown Line as well as Farrer Park MRT Station on the North East Line.

Cafe in the Jalan Besar district are anticipated to take advantage of the buoyant F&B sentiment appearing of the pandemic, while upcoming HDB Build-To-Order (BTO) growths in the close-by Kallang-Whampoa estate are additionally anticipated to boost Jalan Besar’s restricted catchment.

A two-storey property coffee bar system located at Hoa Nam Building along Foch Road in the Jalan Besar area is up for sale by means of an expression of interest exercise. Appropriately to advertising representative Savills Singapore, the residential property is on the marketplace with an overview cost of $28 million.
Map and overview of Hoa Nam Building
The residential property, which is zoned for industrial usage, has a complete strata floor location of 4,510 sq ft. Both floors of the residential property have F&B authorizations. The first stage currently contains six food stalls and one beverage delay. The upper flooring can be accessed using an inner staircase from the first stage or from an exterior escalator.

The residential or commercial property takes pleasure in 40m frontage along Jalan Besar, and can additionally be accessed from Foch Road. The present owner has likewise gotten authorization from the MCST to put signing boards on the building’s exterior.

Sophia Lim, associate supervisor, financial investment sales & capital markets at Savills Singapore, checks out the coffeehouse device as an engaging opportunity provided the unusual availability of such homes on Jalan Besar. “Freehold cafe units have long been viewed as generational assets and are usually securely held,” she adds.