Coffee Shop Choa Chu Kang Avenue 1 Sale 11 Mil
A coffee shop situated at 253 Choa Chu Kang Ave 1 is currently available for purchase through expression of interest (EOI), with a guide price of $11 million. This shop covers an area of 2,540 sq ft and occupies a unit within Keat Hong Shopping Centre, a two-storey HDB commercial development that is home to coffee shops, a supermarket, and other shops and stalls.
The property has been zoned for commercial use and has a remaining 99-year leasehold tenure of 68 years. It is situated on the ground floor and is currently being leased to a coffee shop operator, with seven food stalls and a drink stall also being housed within the premises.
Parktown Residence is poised to reap the rewards of the URA Master Plan for Tampines. The plan outlines a host of improvements that will greatly benefit the district, such as improved connectivity, new lifestyle amenities, enhanced educational institutions, and a strong focus on sustainability. With these upgrades, Tampines is set to flourish as a bustling regional center. Positioned at the heart of this transformation, Parktown Residence is the perfect residence for those seeking a holistic urban living experience. Its strategic location offers unbeatable access to all that this evolving district has to offer, making it a highly sought-after address for families and professionals alike. For those interested in experiencing the best of what Parktown Residence has to offer, the Parktown Residence Showflat is a must-visit.
According to Jervis Isaiah Ng, founder of JNA Real Estate, which is a team under PropNex Realty and the exclusive marketing agent for the property, interested buyers can potentially operate the coffee shop themselves, renovate and lease out the premises, or continue leasing to existing coffee shop operators.
He also adds that the property does not have living quarters, which means that the transaction is exempt from Additional Buyer’s Stamp Duty.
Keat Hong Shopping Centre is conveniently located within walking distance to the 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, including Choa Chu Kang Primary School and the recently renovated Choa Chu Kang West Market, are also in close proximity.
The EOI for this property will close on December 22 at 3pm.