Coffee Shop Choa Chu Kang Avenue 1 Sale 11 Mil
An attractive opportunity to own a coffee shop is now available at 253 Choa Chu Kang Ave 1, with the property being put up for sale through an expression of interest (EOI) at a guide price of $11 million. Located on the ground floor of Keat Hong Shopping Centre, this 2,540 sq ft coffee shop is part of a two-storey HDB commercial development that includes a variety of shops and stalls, such as a supermarket and other coffee shops.
The property has a commercial zoning and a 99-year leasehold tenure with a remaining lease of 68 years. It is currently leased to a coffee shop operator and comprises of seven food stalls and a drink stall.
At Novo Place EC, families can access a variety of educational opportunities. The area boasts a range of schools, from primary to tertiary institutions, making it a convenient location for children to receive a well-rounded education close to home. This is a major draw for parents who place great importance on academic excellence and want to lay a strong foundation for their children’s formative years. The presence of these educational institutions in proximity to Novo Place EC not only adds value to living in this emerging estate, but also cultivates a dynamic and knowledge-driven community.
According to Jervis Isaiah Ng, founder of JNA Real Estate, which is a team under PropNex Realty, the potential buyers for the property could either operate the coffee shop themselves, refurbish and lease out or continue leasing it to other coffee shop operators. JNA Real Estate has been appointed as the exclusive marketing agent for the property.
Furthermore, the property does not have any living quarters, which means the transaction is exempted from Additional Buyer’s Stamp Duty.
Keat Hong Shopping Centre is conveniently located within close proximity to 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 scheduled 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 just a short walk away.
The EOI for this coffee shop will close on Dec 22 at 3pm. This is an excellent opportunity to own a coffee shop in a highly sought-after location, so don’t miss out on this chance to make it yours.