Novena F&B Shop Takeover Royal Square (1st Floor)
About this space
Profitable Prime Location F&B Shop for Takeover at Royal Square (1st Floor) – 800 sqft with strong human traffic and excellent business potential. ✅ SFA Approved ✅ Ready to Move In & Start Operating Immediately ✅ Full shop takeover including all furniture & kitchen equipment ✅ Includes opposite stall space (additional sales point) ✅ Includes 3 months security deposit ✅ Seating capacity: up to 70 pax ⭐ Key Highlights - Fully renovated and well-maintained F&B unit - Clean and functional layout, suitable for immediate operations - Full set-up included, saving significant renovation and setup cost - Ideal for dine-in, takeaway, and delivery business models - Suitable for various concepts: Chinese food, noodles, café, light meals, beverages, dessert, or takeaway concept 🍳 Included in Takeover - Complete kitchen setup & equipment - Exhaust / ventilation system - Fridge / freezer - Stainless steel working tables, sinks, storage racks - Tables, chairs, counter, lighting, décor - All shop furniture and operating items included (Full inventory list can be provided upon viewing) This takeover includes an additional stall space opposite the shop, which can be used as: - Beverage / dessert stall - Takeaway counter - Extra sales channel to increase revenue potential 👨🍳 Suitable For ✔ New entrepreneurs looking for a fast start ✔ Existing F&B operators expanding to a new location ✔ Brands wanting a ready-to-run outlet ✔ Operators focusing on delivery + dine-in model
About this listing
A other at 103 Irrawaddy Road, Royal Square At Novena in D12 Balestier / Toa Payoh is available for lease assignment. The takeover fee is S$320,000. The unit is 800 sqft. The rent is S$18,000 a month, on a lease that runs to January 2028. That leaves 14 months for the new tenant. Taking over a lease assignment means taking on the remaining lease and whatever fit-out is left, without buying the business that traded there. Landlord consent is normally required.
Questions about this assignment
- Does the landlord need to consent to this assignment?
- Almost always, yes. Ask the seller whether the landlord has agreed.
- What happens at the end of the lease?
- The current lease runs to January 2028, about 14 months from the move-in date. There is an option to renew.
- What is the takeover fee?
- S$320,000, which includes the fit-out and furniture that stay.