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

Hoa Nam Building is a mixed-use development making up residential, office and also retail units. It is within walking proximity to Bendemeer MRT Terminal on the Downtown Line as well as Farrer Park MRT Station on the North East Line.

The Arden floor plan

Cafe in the Jalan Besar district are anticipated to take advantage of the buoyant F&B sentiment coming out of the pandemic, while upcoming HDB Build-To-Order (BTO) properties in the neighboring Kallang-Whampoa estate are likewise anticipated to enhance Jalan Besar’s captive catchment.

The property appreciates 40m frontage along Jalan Besar, as well as can additionally be accessed from Foch Road. The present owner has also acquired confirmation from the MCST to position signing boards on the structure’s exterior.

A two-storey freehold coffeehouse unit positioned at Hoa Nam Building along Foch Roadway in the Jalan Besar location is up for sale via an expression of interest exercise. Accordingly to marketing representative Savills Singapore, the property gets on the market with a guide price of $28 million.

The property, which is zoned for retail usage, has an overall strata floor place of 4,510 sq ft. Both levels of the building have F&B authorizations. The ground tier presently includes six food stalls and one drink delay. The top floor can be accessed using an interior stairs from the ground level or from an external escalator.

Sophia Lim, associate director, financial investment sales & capital markets at Savills Singapore, sees the coffee shop unit as a compelling opportunity offered the unusual availability of such real properties on Jalan Besar. “Freehold coffeehouse units have actually long been deemed generational possessions as well as are generally securely held,” she includes.

“With the current purchases of HDB leasehold coffee bar at record rates, this property provides a rare possibility to acquire a property cafe appreciating famous frontage and presence within the fast-evolving area of Jalan Besar,” Lim says.

The expression of interest exercise for the property is going to close on Sept 21 at 3pm.

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