Courting the Coffee Crowd: A Free‑Hold Café Opportunity on Jalan Besar
Take a look – a two‑storey coffee shop unit in the iconic Hoa Nam Building is now up for grabs via an Expression of Interest (EOI). Roughly 4,510 sq ft of retail space, it’s priced at a guide rate of S$28 million, which translates to about S$6,208 per square foot. Not bad for a prime spot!
Why Singapore’s Coffee Game is Heating Up
It’s been a hot streak. In June, a Tampines café sold for S$41.68 million. Yishun’s own coffee haven fetched S$40 million, a steep 9,361 psf – higher than the average ground‑floor rates at Far East Plaza and Lucky Plaza. By July, a Jurong West coffee shop was off the market for an eight‑figure sum. Talk about a caffeine surge!
What Makes This Spot Special
- Prime frontage – 40 metres along Jalan Besar for maximum street sight
- Rare double‑level F&B approvals – ready to serve anything from ping‑pong cakes to drool‑inducing espresso
- Flexibility galore – upper floor accessed by a staircase or an external escalator, perfect for additional seating or sub‑leasing units
- Signage already green‑lit – MCST approval for front‑of‑building signage means you can pop your brand right up front
The ground level hosts six food stalls and a drink stall, while the top floor is a blank canvas. You could turn it into a cozy lounge or slice it into separate spaces for higher rental returns.
Inside the Coffee Trenches: A Quote From Savills
Sophia Lim, Savills Singapore: “Free‑hold coffee shops remain the vanguard of generational assets, and their resilience didn’t waver during the pandemic. Coffee shops on Jalan Besar are rare – once we find them, we act fast!”
Just where you’d expect: the Hoa Nam Building sits within a leisurely 10‑minute walk to both Farrer Park and Bendemeer MRTs. And ahead of the game, the new McNair Heights, Kempas Residence, Towner Crest developments will bring 1,650 HDB BTO units into the mix, upping foot traffic and customer base.
FOOTBALL EVENING? (just kidding – but you get the idea)
Remember, the EOI window closes Wednesday, Sep 21, 3 pm. If you’re looking to stake a claim in Singapore’s ever‑booming F&B scene, consider this café a golden ticket.
Source: 99.co – property, food & beverage, and hawker centre insights.
