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by OrangeTee & Tie Pte Ltd.

RARE HDB COFFEE SHOP FOR SALE VIA EXPRESSION OF INTEREST (EOI)

Corporate News

LOCATED AT BLOCK 110 YISHUN RING ROAD

Singapore, 06 May 2024

Marketed by sole marketing agent Orangetee Advisory Pte Ltd at a guide price of $11 million.



OrangeTee Advisory Pte Ltd (OrangeTee Advisory) is pleased to announce that an HDB coffee shop located at Block 110 Yishun Ring Road is up for sale via expression of interest (EOI) at a guide price of $11 million. OrangeTee Advisory is the sole marketing agent for the property. 

The EOI exercise will close on Wednesday, 29 May 2024 at 3 pm.

The property has a 91-year leasehold that started on January 1, 1994. It has 60 years remaining on its lease. The corner 3,165 sq. ft. coffee shop with a living quarter of about 689 sq. ft. has prominent street frontage along Yishun Ring Road, within Chong Pang Garden.

The immediate locality is residential with prominent developments in the vicinity comprising Sembawang Seng Pang Keng Temple, All Saints Home (Yishun Centre), Chong Pang Community Club, Yishun Innova Junior College, Yishun Christian Church, Yishun Secondary School, Chong Pang Camp, amongst others.

Scarce coffee shop assets in Singapore

Since 1998, the Housing Development Board (HDB) has ceased the sale of coffee shops, resulting in a limited supply of such properties available in the market. Despite challenges posed by the pandemic, the enduring popularity of coffee shops persists, buoyed by increased dining-out habits and a surge in demand for F&B spaces. an attractive investment option to both F&B operators and property investors.

In addition, the coffee shop will be sold with vacant possession, allowing potential buyers to revamp it with new ideas and fresh concepts. With a ready catchment of resident customers who live in the vicinity and nearby industrial workers, this presents a good opportunity for potential buyers to leverage or prospective investors seeking a good investment opportunity. 



"The guide price represents the expectation set by the current coffee shop owners, and the property will be sold with vacant possession. Potential buyers could revamp it with new and fresh concepts that will appeal to the ready pool of customers. The coffeeshop is already popular with surrounding residents, and those who work nearby,” says Marcus Oh, Managing Director of OrangeTee Advisory.


The EOI exercise will close on 29 May 2024 at 3 pm. For enquiries, please contact:  


Ong Mei Fen


Director

Business Solutions

OrangeTee Advisory Pte Ltd

CEA Reg No. R011787D


M: +65 9848 4055


Christina Tan

Assistant Director

Business Solutions

OrangeTee Advisory Pte ltd

CEA Reg No. R044456E


M: +65 9231 6252


For media enquiries, please contact:  


Jon Tan  

Senior Vice President

Brand and Corporate Communications

OrangeTee & Tie Pte Ltd


M: +65 9617 7759

E: [email protected] 



About OrangeTee Advisory Pte Ltd 


OrangeTee Advisory (OTA), a subsidiary of OrangeTee Group, was established in 2017 as part of a strategic review to streamline its professional services. It is a premier consulting and advisory firm in the real estate industry, combining a forward-thinking approach with a commitment to professionalism and integrity. 


Its suite of services includes business & commercial space solutions, investment advisory, corporate, and institutional valuations, as well as Japan business development.




For more news, research and information, 
OrangeTee Group
OrangeTee Advisory Pte Ltd (Company Reg. No.: 201714596E | Licence No.: L3010781J)
OrangeTee & Tie Pte Ltd (Company Reg. No.: 199206764K | Licence No.: L3009250K)
OrangeTee International Pte Ltd (Company Reg. No.: 201024069Z | Licence No.: L3010742Z)

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