Savills Singapore has been appointed as the exclusive & sole marketing agent for 2 prime F&B / Restaurant space for sale by expression of interests.
Located at 134 Jurong Gateway Road and 744 Bedok Reservoir Road, the 2 properties are prime HDB commercial space situated in the town centre and neighbourhood centre respectively.
134 Jurong Gateway
The subject property is a F&B space and presently operates as an air-conditioned coffeeshop / food court with an annex outdoor refreshment area. It is sited adjacent to a busy bus-stop with high footfall all year round. Its surrounding includes Jurong Regional Library, CPF Jurong Building, numerous banks, supermarkets, education centres and many other retail shops. The immediate public and private housing as well as the nearby industrial / business parks provides a large and ready catchment for businesses operating in the Jurong Gateway precinct.
With the announcement of the new Jurong Lake District and the future Singapore-Malaysia High Speed Rail terminus located nearby, Jurong Gateway and its immediate surroundings will benefit from the spillover effects in the near term.
“While these plans are being carried out and when actual construction of infrastructure starts, businesses in the immediate surroundings will be supporting the many essential needs of the workforce involved in these development projects, especially those in the construction and building industry. The F&B trades will be one of the many beneficiaries.” said Philip Ng, associate director, Investment Sales at Savills Singapore.
He added, “With plans to transform the Jurong Lake District and Jurong Gateway into a vibrant commercial hub with a blend of mixed residential and commercial activities, the area is slated for exciting new growth.”
744 Bedok Reservoir Road
Located in the eastern part of Singapore in Bedok Reservoir estate amidst Reservoir Village, this space is unique and rare as it is next to the beautiful and serene Bedok Reservoir Park and Bedok Reservoir. Its immediate surroundings includes other complimenting trades such as supermarkets, cafes, tuitions centres, pet shops, hair salons, etc., as well as new and existing private and public residential apartments. In the vicinity, the Kaki Bukit / Eunos / Ubi industrial estates also present a ready and existing catchment for the businesses operating in this location.
This space is currently leased to McDonald’s Restaurant with an outdoor refreshment area. The property also comes with a living quarter or 3rm flat unit on the 2nd storey that is accessible separately.
Commenting on the F&B space in Bedok Reservoir Road, Philip said, “F&B / Restaurant space amidst parks and reservoir are rarely available for sale. Moreover, the present tenant, McDonald’s, a global fast food chain, somewhat equates to providing investors a strong and secured yield over the mid to long term.”
The indicative sale price is S$30 Million for both properties. Interested parties can either offer to purchase both properties collectively or individually and separately.