Retail shops in Ang Mo Kio, Tampines and Joo Chiat launched for sale

By EdgeProp Singapore / EdgeProp | August 29, 2017 2:00 PM SGT
The HDB coffeeshop at Block 709 Ang Mo Kio Avenue 8 has a total floor area of 1,636 sq ft. (Image source: Knight Frank).
Marketing agent Knight Frank is offering three retail shops for sale by expression of interest.
The first is a HDB coffeeshop located at Block 709 Ang Mo Kio Avenue 8. It has a total floor area of 1,636 sq ft, comprising a ground floor shop space of 893 sq ft and living quarters of 743 sq ft. The guide price is $5.5 million to $6 million.
The second is a corner HDB coffeeshop located at Tampines Street 91. It has a ground floor space of 4,058 sq ft and living quarters of 786 sq ft on the second storey. An outdoor refreshment area of 969 sq ft has been approved to create an extended dining area. The last transaction of a coffeeshop in the vicinity was at Block 829 Tampines Street 81, which sold for $14.55 million in April 2016, according to Mary Sai, executive director of investment and capital markets at Knight Frank Singapore. As such, vendors are expecting offers of between $14 million to $16 million for the space.
The third property for sale is a ground floor strata unit with an accompanying basement. It is located next to Joo Chiat Complex and fronts the main stretch of Changi Road. The freehold shop has a floor area of 3,207 sq ft. The owner is expecting about $6.5 million (approximately $2,026 psf).
All three properties are available for sale on an individual basis. The expression of interest exercise will close on Sept 26.