2 adjoining freehold conservation shophouses along north bridge road up for sale.

Aug 25, 20222 min read

Updated: Sep 17, 2022

[ Guide price $20 million or only $7,864 per square foot ]

A two-storey and attic, freehold conservation shophouse in north bridge road has been put up for sale with the guide price of $20 million or $7,846 per square foot.

The shophouse has a freehold tenure, and is zoned as full commercial in the 2019 master plan, with a land site area of 2,549 sq ft and has a built-up area of about 4,800 sq ft. The sale is not subject to additional buyer’s stamp duty and is open to foreigners.

The ground floors have been approved for restaurant use, and are currently leased out to separate restaurant operators.

https://danielfooddiary.com/2020/11/17/asapco/ ( Smoke meat steakhouse)

Chinese Hotpot https://eatbook.sg/xiao-jun-gan/

RESEARCH OF POTENTIAL FUTURE VALUE

Future transformation - North Bridge Road runs through the downtown core and Rochor and Kallang areas in the central region. The road begins at Crawford Street and ends where Elgin Bridge crosses into South Bridge Road. North Bridge falls within the URA Master plan Rochor planning region.

Asset enhancement options - URA SPACE indicates that this pair of shophouse is possible for a change of use to backpackers hostel or hotel usage.

A recent transaction of 17 shophouses currently operating as Hotel Clover in Jalan Sultan for $74.8 million Business-times , was jointly acquired by SLB developments and Weave Living.