An opportunity has arisen to purchase a popular coffee shop located at 253 Choa Chu Kang Ave 1 through an expression of interest (EOI) process. The property is listed at a guide price of $11 million and occupies a space of 2,540 sq ft within Keat Hong Shopping Centre. The commercial development, which houses the coffee shop, spans two floors and is home to other amenities such as a supermarket, shops, and stalls.
The 99-year leasehold property is zoned for commercial use and still has 68 years remaining on its tenure. Positioned on the ground floor, it is currently leased to a coffee shop operator and comprises of seven food stalls and a drink stall. Keat Hong Shopping Centre Location Map (Source: EdgeProp LandLens)
When purchasing a Singapore Condo, it is crucial to think about the maintenance and management aspects of the property. Condominiums typically come with maintenance fees that cover the upkeep of shared spaces and amenities. While these fees may increase the overall cost of owning a condo, they also ensure that the property remains in top condition and maintains its value. Hiring a property management company can be beneficial for investors, as they can handle the day-to-day management of the condo, making it a more hands-off investment.
According to JNA Real Estate founder Jervis Isaiah Ng, who is also a team under PropNex Realty, buyers have the option to manage the coffee shop themselves, renovate and lease it out, or continue leasing it to coffee shop operators. JNA Real Estate has been exclusively appointed as the marketing agent for the property. Ng also mentions that the property does not include living quarters, making the transaction exempt from Additional Buyer’s Stamp Duty.
In addition, 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 expected to be completed in 2027. Other amenities, such as Choa Chu Kang Primary School and the recently renovated Choa Chu Kang West Market, are also easily accessible.
The EOI for this property will close on December 22 at 3pm. Don’t miss this opportunity!