The residential property enjoys 40m frontage along Jalan Besar, and also can likewise be accessed from Foch Road. The current owner has actually also Hillhaven Condo obtained approval from the MCST to position finalizing boards on the structure’s exterior.
“With the recent purchases of HDB leasehold coffee shops at document prices, this property supplies a rare chance to get an estate cafe delighting in popular frontage and also exposure within the fast-evolving location of Jalan Besar,” Lim states.
Coffee bar in the Jalan Besar district are anticipated to take advantage of the buoyant F&B view appearing of the pandemic, while upcoming HDB Build-To-Order (BTO) developments in the neighboring Kallang-Whampoa estate are additionally anticipated to increase Jalan Besar’s captive catchment.
Hoa Nam Building is a mixed-use development making up household, workplace as well as retail units. It is within strolling range to Bendemeer MRT Station on the Downtown Line as well as Farrer Park MRT Station on the North East Line.
A two-storey property coffee shop system located at Hoa Nam Building along Foch Road in the Jalan Besar area is up for sale by means of an expression of passion exercise. Appropriately to marketing representative Savills Singapore, the home gets on the marketplace with an overview cost of $28 million.
Map and also review of Hoa Nam Building
The residential property, which is zoned for industrial use, has a total strata flooring location of 4,510 sq ft. Both floors of the home have F&B approvals. The very beginning currently contains six food stalls and one drink stall. The top flooring can be accessed via an internal staircase from the first stage or from an exterior escalator.
Sophia Lim, associate director, financial investment sales & funding markets at Savills Singapore, sees the coffee bar unit as a compelling possibility provided the unusual availability of such residential properties on Jalan Besar. “Freehold coffee bar systems have long been viewed as generational assets and are usually firmly held,” she includes.
