Four Freehold Shophouses Along North Bridge Road Sale 37 Mil

Renowned for its stunning skyline, brimming with towering skyscrapers and state-of-the-art infrastructure, Singapore is a city in a class of its own. The ultimate symbol of opulence and convenience, ‘s condominiums are strategically located and highly coveted by both locals and foreigners. These properties boast luxurious facilities including swimming pools, fitness centers, and top-of-the-line security measures, providing residents with a comfortable and secure lifestyle. For investors, these perks equate to attractive rental returns and a steady increase in property value over time. With the addition of , Singapore Condos become an even more enticing choice for potential buyers and renters alike. Singapore Condo solidifies its position as a premier investment option.

A rare opportunity presents itself with the sale of a row of four freehold conservation shophouses located along the historic North Bridge Road. These properties, situated on two plots of land measuring 5,766 sq ft, are being put up for sale via an expression of interest (EOI) with a guide price of $37 million.

The first plot comprises of 762 and 764 North Bridge Road, sharing a 2,891 sq ft plot of land with a built-up area of 4,917 sq ft, including a mezzanine level. The remaining two shophouse units at 766 and 768 North Bridge Road are situated on an adjacent plot spanning 2,875 sq ft with a built-up area of 4,657 sq ft, also including a mezzanine level.

Marketed exclusively by Isabel Sim, associate senior marketing director at Huttons Asia, the properties offer potential buyers the opportunity to increase the usable area of each property by extending the rear for an outdoor terrace on the second floor, subject to approvals from the relevant authorities. This could potentially add an extra 1,000 sq ft to each land plot.

The current tenants of the shophouses include a fitness retail shop, convenience store, and massage and reflexology service providers. As commercial properties, buyers are exempt from Additional Buyer’s Stamp Duty (ABSD) on these shophouses, making them a highly attractive investment opportunity for both local and foreign investors looking for capital appreciation and stable rental yield.

Located in the vibrant Kampong Glam Conservation enclave, the shophouses boast prominent frontage along North Bridge Road and enjoy high visibility and footfall. With Bugis MRT Interchange and Nicoll Highway MRT station within walking distance, accessibility is a major draw for both locals and tourists.

In addition to the central location, the area is steeped in history, with iconic landmarks such as Sultan Mosque and the Malay Heritage Centre – situated on the grounds of the former Istana Kampong Glam – adding to its charm and appeal.

The EOI exercise will close on January 10, 2025, at noon. For more information, contact Isabel Sim Cheng Yi at 81802707, associate senior marketing director at Huttons Asia (R065855G).