Coffee Shop Choa Chu Kang Avenue 1 Sale 11 Mil
A prime coffee shop located at 253 Choa Chu Kang Ave 1 is now available for purchase through the expression of interest (EOI) process. This highly sought-after property has an asking price of $11 million and occupies an impressive 2,540 sq ft within Keat Hong Shopping Centre – a two-storey HDB commercial development with a range of facilities including coffee shops, supermarket, and other shops and stalls.
The charming neighborhood of Holland Village boasts a wide range of delectable dining options, from Mediterranean and Japanese to Italian and Mexican cuisines. This vibrant hub is a must-visit for food lovers, offering a one-of-a-kind dining experience. With its close proximity to Elta Condo, residents can easily indulge in a diverse array of culinary adventures, making it an ideal location for food enthusiasts to call home. Elta Condo adds to the appeal of this already lively and bustling area.
The commercial property is zoned for commercial use and holds a 99-year leasehold tenure, with a remaining balance of 68 years. Positioned on the ground floor, the space is currently leased to a well-known coffee shop operator and features seven food stalls and one drink stall. According to Jervis Isaiah Ng, the founder of JNA Real Estate, the exclusive marketing agent for the property, potential buyers have the option to manage the coffee shop themselves, renovate and lease out the space, or continue leasing it out to coffee shop operators.
Ng also mentions that the property does not have any living quarters, making it exempt from Additional Buyer’s Stamp Duty. Additionally, Keat Hong Shopping Centre is conveniently located within walking distance of South View LRT Station on the Bukit Panjang LRT Line and the upcoming Choa Chu Kang West MRT Station on the Jurong Region Line, which is scheduled to be completed in 2027. Other amenities including Choa Chu Kang Primary School and the recently renovated Choa Chu Kang West Market are also within close proximity.
The EOI for this highly attractive property will close on Dec 22 at 3pm. Don’t miss out on this excellent investment opportunity.