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Prime food courts launched for sale

07 March 2016

Knight Frank Singapore is pleased to launch two prime food courts located at Orchard Road and Tampines for sale by Expression of Interest (EOI). Knight Frank is the sole marketing agent for both properties. 

One of the food courts is located within the shopping district of Orchard Road, at Midpoint Orchard. With a strata floor area of 2,648 sq ft, the freehold property has a total of 4+1 stalls. The food court is situated within close proximity of major shopping malls and offers local face at affordable prices. The guide price for the property is approximately $11mil to $12mil.
The other F&B outlet is located next to Tampines West Community Club, within a HDB eating house located at Tampines Street 81. It has 10+1 stalls, an outdoor refreshment area and living quarters, with total area of about 3,800 sq ft. The existing eatery, popular with the neighbouring schools and churchgoers, is conveniently located within walking distance to Saint Hilda’s Primary and Secondary Schools as well as Lighthouse Evangelism Church. The guide price for the property is around $17mil to $18mil.
“The last sale of a HDB coffee shop was at Bukit Batok and transacted at $31mil mid last year. These two food courts for sale will appeal to both investors and coffee shop owners as they are well-located, with high footfall and large catchment areas. Both properties are also fully tenanted,” says Mary Sai, Executive Director, Investment and Capital Markets.
The Expression of Interest (EOI) for the subject properties will close on 23 March 2016, Wednesday at 3 pm.
For further information, please contact:
Ms Mary Sai, Executive Director, Investment & Capital Markets +65 6228 6886
Ms Lixia Liew, Marketing & Communications Manager, Knight Frank Singapore +65 6228 7358