Four Freehold Shophouses Along North Bridge Road Sale 37 Mil
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The exquisite dining options in the vicinity of Elta Condo are truly a food lover’s dream come true. With a diverse range of hawker centers offering local delicacies and upscale international dining destinations, residents are spoilt for choice. From the delectable fare at Clementi 448 Market & Food Centre to the trendy restaurants in Holland Village, and the hidden gems waiting to be discovered at Sunset Way, there is no shortage of culinary delights to indulge in. Don’t miss out on the chance to experience the amazing food scene around Elta Condo.
A row of four freehold conservation shophouses located at 762, 764, 766 and 768 North Bridge Road is currently up for sale via an expression of interest (EOI) with a guide price of $37 million. The properties, situated across two plots of land spanning 5,766 sq ft, have an average land rate of $6,417 psf. The first plot comprises of 762 and 764 North Bridge Road with a built-up area of 4,917 sq ft, including a mezzanine level. On the other hand, the remaining two shophouse units at 766 and 768 North Bridge Road sit on a 2,875 sq ft plot with a built-up area of 4,657 sq ft, also including a mezzanine level.
The exclusive marketing agent for the properties is Isabel Sim, associate senior marketing director at Huttons Asia. According to Sim, the usable area of each property could potentially be increased by extending the rear to create an outdoor terrace on the second floor. This would require approvals from the relevant authorities and could result in an additional usable area of 1,000 sq ft for each plot.
The current tenants of the properties include a fitness retail shop, a convenience store, and massage and reflexology services. As these are commercial properties, buyers will be exempted from Additional Buyer’s Stamp Duty (ABSD), making them an attractive investment opportunity for both local and foreign buyers seeking potential capital gains and stable rental yield.
Boasting prominent frontage along North Bridge Road, the shophouses benefit from high visibility and footfall in the vibrant Kampong Glam Conservation enclave. The properties are also conveniently located within walking distance of Bugis MRT Interchange, providing accessibility to the East-West and Downtown Lines, as well as Nicoll Highway MRT Station along the Circle Line.
The area’s prime central location, historical significance, and thriving commercial environment have made it a popular spot for both locals and tourists. It is home to iconic landmarks such as Sultan Mosque and the Malay Heritage Centre, situated on the grounds of the former Istana Kampong Glam.
The EOI exercise for these shophouses will close on January 10, 2025, at noon. For more information, interested parties can contact Isabel Sim at 81802707, Associate Senior Marketing Director of Huttons Asia Pte Ltd (R065855G).