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An aesthetically renovated shophouse at north bridge rd with high rental income for sale

Updated: Sep 17, 2022

[Guide price $7,000,000 or $5,000psf based on land price]

This is a 2-storey conservation shophouse with superb frontage along north bridge road with a land area of 1398 sq ft and a built-up area of 2802 sqft. It has a tenure of 99 years leasehold from the year 2006 (balance of 82 years leasehold).

The current usage for the ground level is massage estasblishment and the 2nd level is for office, fully leased out for about 18K per month till year 2025.

The shophouse is on a full commerical land zone within a conservation area, therefore it is not subjected to any additional buyer or seller stamp duty and open to foreign ownership.

[Other possible usage subjected to URA change of use assessment]

Hotel, Hostel, service apartment, gym , shop, takeaway foodshop, clinic, commerical school.

[Future Urban Transformation]

New park spaces and streetscape improvements will better connect the three precincts, inviting visitors to explore a vibrant, walkable art and cultural precinct.

[Latest Transactions 2022]

- 664 north bridge road, approved for shop usage sold for $6296 psf

- 17 Jalan klapa, approved as restaurant sold for $8,123psf

- 534 North bridge road, approved as restaurant sold for $11,357 psf ( Bugis junction)

- 11 bali lane approved restaurant for $13,821 psf (record price)



Daniel Chng

8752 5515

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