A sought-after coffee shop located at 253 Choa Chu Kang Ave 1 is now available for purchase through an expression of interest (EOI) with a guide price of $11 million. The shop, which spans 2,540 sq ft, is situated within Keat Hong Shopping Centre – a two-storey HDB commercial development that comprises of coffee shops, a supermarket, as well as other shops and stalls.
This property is zoned for commercial use and holds a 99-year leasehold tenure with 68 years remaining. Currently situated on the ground floor, the coffee shop is tenanted to a coffee shop operator and consists of seven food stalls and a drink stall.
According to Jervis Isaiah Ng, founder of JNA Real Estate, the exclusive marketing agent for this property, potential buyers have the option to operate the coffee shop themselves, renovate and lease it out, or continue leasing it out to coffee shop operators. He also notes that the property does not come with living quarters, making it exempt from Additional Buyer’s Stamp Duty.
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Keat Hong Shopping Centre is conveniently located within walking distance from 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 expected 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 in close proximity.
The closing date for the EOI is Dec 22 at 3pm.