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

“With the current transactions of HDB leasehold coffee shops at document rates, this possession gives an unusual possibility to get a property coffeehouse appreciating famous frontage and exposure within the fast-evolving area of Jalan Besar,” Lim claims.

Senja Residences Finance

Hoa Nam Building is a mixed-use development consisting of property, office and also retail units. It is within strolling range to Bendemeer MRT Station on the Downtown Line and also Farrer Park MRT Station on the North East Line.

Coffee bar in the Jalan Besar district are expected to benefit from the resilient F&B view appearing of the pandemic, while upcoming HDB Build-To-Order (BTO) developments in the nearby Kallang-Whampoa estate are also expected to increase Jalan Besar’s restricted catchment.

The residential property takes pleasure in 40m frontage along Jalan Besar, as well as can additionally be accessed from Foch Road. The current proprietor has likewise obtained authorization from the MCST to place signing boards on the structure’s exterior.

Sophia Lim, associate supervisor, investment sales & funding markets at Savills Singapore, sees the coffeehouse system as a compelling chance provided the rare availability of such residential properties on Jalan Besar. “Freehold coffee shop devices have actually long been viewed as generational possessions and also are usually firmly held,” she includes.

A two-storey freehold coffee shop device located at Hoa Nam Building along Foch Road in the Jalan Besar area is up for sale through an expression of interest exercise. As necessary to marketing agent Savills Singapore, the building is on the market with a guide rate of $28 million.
Map and also introduction of Hoa Nam Building
The property, which is zoned for business use, has a complete strata floor location of 4,510 sq ft. Both floors of the residential property have F&B authorizations. The ground floor currently consists of six food stalls as well as one drink stall. The top floor can be accessed by means of an interior stairs from the very beginning or from an external escalator.