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Strategically located at the corner of Block 631, the property enjoys excellent main road frontage and is 500 metres away from Yio Chu Kang MRT station. (Photo: CBRE Pte Ltd)
A coffee shop at Block 631, Ang Mo Kio Avenue 4 has been put up for sale by public tender, said marketing agent CBRE.
With an area of around 4,079 sq ft, the property comprises 10 food and beverage stalls on the ground floor as well as a living quarter on the second storey. Including the sheltered outdoor dining area of 1,345 sq ft, the property can accommodate around 270 patrons.
CBRE said the seating capacity can “be further enhanced as extra tables and chairs can be easily added to cater to higher customer volume during peak hours”.
“Change of use to other trades may also be considered by the buyers, and subject to HDB’s approval,” it added.
Notably, there are over 26,000 residents within a 650-metre radius from the property. Strategically located at the corner of Block 631, the property enjoys excellent main road frontage and is just 500 metres away from Yio Chu Kang MRT station and bus interchange as well as the future Lentor MRT station (Thomson – East Coast Line).
“Prime Housing and Development Board (HDB) coffee shops are a rarity, especially in such a prime heartland location. They have always been tightly held and the opportunities for purchase are extremely rare. The Housing and Development Board has ceased selling coffee shops and leases the ones in their stock, which makes this sale offering very attractive,” said Sammi Lim, director of capital markets at CBRE.
“With the coffee shop business remaining as an extremely resilient trade, we do expect to receive interest from new entrants to this sector who are looking to hold for medium to long term investment as they envision to tap into its strong potential for future rental and capital value growth.”
CBRE revealed that while the property features a living quarter, Singapore permanent residents and foreigners are allowed to purchase it since it is tenanted out or sold as a commercial property under HDB rules.
The public tender exercise for the property closes on 4 July.
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