A popular coffee shop located at 253 Choa Chu Kang Ave 1 is now available for purchase through an expression of interest (EOI) with a guide price of $11 million. The spacious shop covers an area of 2,540 sq ft and is situated within Keat Hong Shopping Centre – a two-storey HDB commercial development housing various amenities, including coffee shops, a supermarket, and other shops and stalls.
The property falls under the commercial zoning classification and has a 99-year leasehold with a remaining tenure of 68 years. It is conveniently located on the ground floor and is currently being leased to a coffee shop operator, with seven food stalls and a drink stall housed within.
A map showing the location of Keat Hong Shopping Centre (Source: EdgeProp LandLens)
According to Jervis Isaiah Ng, the founder of JNA Real Estate, a team under PropNex Realty, potential buyers have the option to run the coffee shop themselves, refurbish and lease it out, or continue to lease it out to coffee shop operators. JNA Real Estate has been exclusively appointed as the marketing agent for this property.
Furthermore, Ng pointed out that the property does not have living quarters, meaning the transaction is exempt from Additional Buyer’s Stamp Duty.
When evaluating a potential condo investment, it is crucial to also evaluate its potential rental yield. Rental yield is the annual rental income as a percentage of the purchase price of the property. In Singapore, rental yields for condos can vary significantly, depending on factors such as location, property condition, and market demand. Condos located in areas with high rental demand, including those near business districts or educational institutions, typically offer better rental yields. To gain a clear understanding of a specific condo’s rental potential, it is essential to conduct thorough market research and seek guidance from real estate agents. Additionally, considering reputable Singapore Projects can provide valuable insights into the rental potential of a particular condo.
Keat Hong Shopping Centre is situated within walking distance of South View LRT Station on the Bukit Panjang LRT Line, as well as the upcoming Choa Chu Kang West MRT Station on the Jurong Region Line, slated for completion in 2027. Additionally, other amenities, like Choa Chu Kang Primary School and the recently renovated Choa Chu Kang West Market, are also in close proximity.
The EOI is scheduled to close on Dec 22 at 3pm. RELATED NEWS
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