FREEHOLD
Restaurant / F&B / Cafe Units
for Sale Singapore
Singapore is famous for food. If there is good food, even at obscure locations, food lovers would flood the outlets. New restaurants and cafes are popping up here and there and in quite a fast pace. On the other hand, there are just as many which close down.
Freehold food and beverages outlets are very attractive to Operators and Investers. In a land scare Singapore, any freehold property are well sought after. They have to be also be practical as some locations evolved very quickly to be a nest of diners.
- Ownership: Freehold
- A stunning 16-storey freehold commercial building located just minutes from the CBD.
- Highly prominent, standing tall and distinctive at the junction of Jalan Besar and Lavender Street.
- Distinctive tower design featuring an impressive curtain wall finish and verdant cantilevered sky terraces on each floor.
- This commercial development features premium office units, retail, and F&B spaces.
- A mere 5-minute walk to Bendemeer MRT Station on the Downtown Line.
- Features a grand entrance drop-off point.
- Includes spacious sky terraces.
- Amenities include a 25m swimming pool, function room, and gym on Level 17.
- BBQ relaxation area and landscaped deck on Level 4.
- Equipped with a high-tech building automation system.
- Comprehensive security system with ample CCTV monitoring and lift access card system at the reception.
- Retail and F&B units on Level 1 with high street visibility.
- Shopfronts feature fixed frameless glass and glass swing doors.
- Expansive 6m floor-to-floor height.
- Individual air conditioning system allows for flexible operating hours.
- Retail and F&B unit sizes range from 667 to 4,833 sqft (62 to 449 sqm).
- No Seller Stamp Duty (SSD)
- No Additional Buyer Stamp Duty (ABSD)
- Foreigners Are Eligible
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Prices
In Singapore Dollars:
S$2.6x m to $19.3x m
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Sizes
From 667 to 4,833 sqft (62 to 449 sqm)
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Location
Jalan Besar
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Completion (or Estimated TOP)
Completed
Some F&B Statistics
Singstats (from Department of Statistics Singapore) indicated in 2020 that there were a total of 13,746 F&B establishments of which 5,200 are restaurants. The top 3 business costs are:
1. Purchases of Goods and Materials
2. Remuneration
3. Renting of Office, Shops & Other Premises.
These accounts for 83% of total business costs.
Food Business in Singapore
There are many aspects to consider in food business in Singapore. Top of the list is Labour. Hiring and motivating staff can be quite challenging. The quota for hiring of foreigners is constantly restricted.
Getting the appropriate licenses is also difficult. There are liquor licenses, food shop licenses and these licenses have to be obtained from different governmental authorities.
Cost of starting the operations can also be challenging as the outlet need to be attractive, the kitchen must be very operational easily and there is the cost of rental if the business owner is not the owner of the premise.
Location, Location, Location
Then there is the infamous Location, Location, Location. It has to be easily accessed, availability of car park lots, obvious (preferably at road level), large enough to host enough seats and tables and most importantly, able to get a stream of patrons.
For someone who is keen to get a food and beverage shop, the tenure of the premise will be a key aspect. Depending on the location and Singapore Master Plan, the tenure could be freehold, 99-year leasehold or 999-year leasehold in general. For one who is looking for an investment on the longer term basis or to pass down to the next few generations, getting a freehold would certainly be the prime choice if the price is right. Some investors would need to study on the return of investment and gauge for themselves on the possible demand and supply of the potential patrons that the food operators could attract.
Have a Chat With Us
CosySingapore Consultants
Commercial Properties Singapore
8.00 am to 10.00 pm
Hotline: +65 6100 8123
Email: CosySingapore@gmail.com
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