Four Freehold Shophouses Along North Bridge Road Sale 37 Mil
A prized collection of four freehold conservation shophouses, located at the prestigious address of 762, 764, 766 and 768 North Bridge Road, is now available for sale through an expression of interest (EOI) with a guide price of $37 million.
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Occupying two plots of land totalling 5,766 sq ft, the shophouses offer an average land rate of $6,417 psf. The first plot houses 762 and 764 North Bridge Road, which share a 2,891 sq ft land area with a built-up area of 4,917 sq ft, including a mezzanine level. The remaining two shophouses 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, including a mezzanine level.
The exclusive marketing of these properties is led by Isabel Sim, associate senior marketing director at Huttons Asia. According to Sim, the usable area of each property can be further augmented by extending the rear for an outdoor terrace on the second floor, with approvals from relevant authorities. This extension can potentially increase the usable area by an estimated 1,000 sq ft for each land plot.
The tenanted shophouses currently house a fitness retail shop, a convenience store, and massage and reflexology service providers. Being commercial properties, buyers are exempt from Additional Buyer’s Stamp Duty (ABSD) on the shophouses, making them an attractive investment opportunity for both local and foreign buyers looking for potential capital gains and stable rental yield.
Strategically located in the historic Kampong Glam Conservation enclave, the shophouses boast prominent frontages along North Bridge Road and enjoy high visibility and footfall. They are also within walking distance of Bugis MRT Interchange, providing convenient 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 vibrant commercial environment have contributed to its popularity among locals and tourists. It is also home to iconic landmarks such as Sultan Mosque – located down the road from the properties – and the Malay Heritage Centre, which sits on the grounds of the former Istana Kampong Glam.
The EOI exercise will close on January 10, 2025, at noon. For more information, interested parties can contact Isabel Sim, associate senior marketing director at Huttons Asia.
