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A two-storey freehold coffeeshop in Jalan Besar is presently out there for S$28 million.
Actual property company Savills Singapore introduced on Aug 18 that the property is listed on the market by way of an Expression of Curiosity (EOI) train.
“Having fun with a outstanding 40m avenue frontage alongside Jalan Besar, the coffeeshop unit additionally enjoys entry from Foch Street and instructions excessive visibility and powerful footfall all through the day,” mentioned Savills Singapore.
51 Kopitiam is positioned on the Hoa Nam constructing, spanning roughly 4,510 sq ft. It’s close to Bendemeer and Farrer Park MRT stations and the Jalan Besar stadium.
The company famous that the correct has uncommon Meals and Beverage approvals on each ranges. The present proprietor has acquired approval from the MCST (Administration Company Strata Title) to position signage boards on the constructing’s façade, prominently alongside Jalan Besar Street.
The coffeeshop consists of six meals stalls and one drink stall, with two entry factors, permitting the client to reconfigure the higher degree for added seating house.
“Freehold espresso store models have lengthy been seen as generational belongings and are normally tightly held. The espresso store asset class has demonstrated its energy and resilience throughout the pandemic,” mentioned Savills Singapore Affiliate Director of Funding Gross sales and Capital Markets Sophia Lim.
“With the broad easing of COVID-19 restrictions, diners have returned in droves and the optimistic sentiment has buoyed for F&B stall operators and traders alike.”
The realm is predicted to extend its captive catchment with the upcoming 1,650 Housing and Improvement Board BTO models from Mcnair Heights, Kempas Residence and Towner Crest.
“With the latest transactions of HDB leasehold coffeeshops at file costs, this asset gives a uncommon alternative to amass a freehold espresso store having fun with outstanding frontage and visibility throughout the fast-evolving location of Jalan Besar,” added Ms Lim.
Because the property is zoned as “Industrial” underneath the 2019 URA (City Redevelopment Authority) Grasp Plan, it isn’t topic to Extra Consumers’ Stamp Duties or Vendor Stamp Duties.
Foreigners and firms are additionally eligible to buy the property. The EOI itemizing will shut on Sept 21, 2022, at 3 pm./TISG
Purchaser of S$41.6m Tampines kopitiam additionally buys close by coffeeshop for S$16.8m, only one stall to remain
The submit Jalan Besar freehold coffeeshop being bought for S$28 million, supply open to foreigners and firms appeared first on The Impartial Singapore Information – Newest Breaking Information
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