The agency noted that the proper has rare Food and Beverage approvals on both levels. The current owner has acquired approval from the MCST to place signage boards on the building’s façade, prominently along Jalan Besar Road.
“Freehold coffee shop units have long been viewed as generational assets and are usually tightly held. The coffee shop asset class has demonstrated its strength and resilience during the pandemic,”“With the broad easing of COVID-19 restrictions, diners have returned in droves and the positive sentiment has buoyed for F&B stall operators and investors alike.”
“With the recent transactions of HDB leasehold coffeeshops at record prices, this asset provides a rare opportunity to acquire a freehold coffee shop enjoying prominent frontage and visibility within the fast-evolving location of Jalan Besar,” added Ms Lim.
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