Freehold coffee shop at Changi Road up for sale

/ EdgeProp Singapore
October 30, 2018 4:34 PM SGT
A freehold corner 24-hour coffee shop at 44 & 46 Changi Road has been launched for sale via an expression of interest (EOI) exercise. According to marketing agent JLL, the indicative guide price is about $13.5 million. This reflects around $1,730 psf on the gross floor area (GFA).
Freehold 44 & 46 Changi Road up for sale at $13.5 mil (Credit: JLL)
The 3,175 sq ft site has a current GFA of about 7,800 sq ft. Under the Master Plan 2014, the site is zoned “commercial & residential” with a gross plot ratio of 2.8.
The property is fully leased to ABC Nasi Kandar Restaurant, a 24-hour coffee shop. It has a corner location with main road frontage.
Being located within a mature residential estate, 44 & 46 Changi Road has both high footfall and immediate access to a large residential catchment.
44 & 46 Changi Road is a 10-minute walk away from Paya Lebar and Eunos MRT stations. It is also a 15-minute drive to the Central Business District, and is easily accessible to other parts of Singapore via Pan Island Expressway and Kallang Paya Lebar Expressway.
Clemence Lee, senior director, Capital Markets, at JLL, says: “Being strategically situated within close proximity to the Paya Lebar growth precinct, the subject property presents the new owner with an exceptional opportunity to claim a stake in this exciting commercial and lifestyle destination.”
The EOI exercise will close on Nov 29.