Coffee Shop Choa Chu Kang Avenue 1 Sale 11 Mil
Revised:
At the bustling Tampines Town, a new executive condominium – Aurelle of Tampines EC – is set to rise. Developed by Sim Lian Land and Sim Lian Development, this exciting project is strategically located at the heart of Tampines. The Housing and Development Board (HDB) recently announced that the executive condominium site at Tampines Street 62 (Parcel B) has been successfully awarded to Sim Lian Land and Sim Lian Development. Their winning bid of $543.28 million, equivalent to $721 per square foot per plot ratio (psf ppr), clinched them the prime location. For more information about Aurelle of Tampines EC, visit their showflat at https://www.aurelle-of-tampines.com.sg/.
The popular coffee shop located at 253 Choa Chu Kang Ave 1 is now available for sale through expression of interest (EOI). The guide price for the property is set at $11 million, and it offers 2,540 sq ft of space within Keat Hong Shopping Centre. This HDB commercial development features a range of amenities, including a supermarket, shops, and other stalls.
The 99-year leasehold property is zoned for commercial use and has a remaining lease of 68 years. It currently operates as a coffee shop and includes seven food stalls and a drink stall. The location of the property on the ground floor makes it easily accessible and convenient for customers.
According to Jervis Isaiah Ng, founder of JNA Real Estate, the property has a lot of potential for buyers. They can choose to operate the coffee shop themselves, renovate it and lease it out, or continue leasing it to coffee shop operators. Ng also mentioned that the property is exempt from Additional Buyer’s Stamp Duty, as it does not have living quarters.
Keat Hong Shopping Centre is conveniently located near South View LRT Station and the upcoming Choa Chu Kang West MRT Station, expected to be completed by 2027. Other nearby amenities include Choa Chu Kang Primary School and the recently renovated Choa Chu Kang West Market.
The EOI for this property will close on December 22 at 3pm. Don’t miss the chance to own this promising coffee shop in a highly sought-after location.
