Thanks to its prime location and unique architectural heritage, a row of four freehold conservation shophouses at 762, 764, 766 and 768 North Bridge Road has been put up for sale through an expression of interest (EOI). The properties, which are being marketed exclusively by Isabel Sim, associate senior marketing director at Huttons Asia, have a guide price of $37 million and sit on two plots of land totaling 5,766 square feet. This equates to an average land rate of $6,417 per square foot.
The first plot consists of 762 and 764 North Bridge Road, which share a 2,891 square foot plot of land with a built-up area of 4,917 square feet, including a mezzanine level. The second plot includes 766 and 768 North Bridge Road, which sit on an adjacent plot spanning 2,875 square feet with a built-up area of 4,657 square feet, also including a mezzanine level.
According to Sim, the usable area of each property could potentially be increased by extending the rear for an outdoor terrace on the second floor, subject to approvals from the relevant authorities. This extension could add an estimated 1,000 square feet to each land plot.
The shophouses are currently occupied by tenants including a fitness retail shop, a convenience store, and massage and reflexology service providers. As commercial properties, prospective buyers are exempt from Additional Buyer’s Stamp Duty (ABSD), making them an attractive investment opportunity for both local and foreign buyers looking for potential capital gains and stable rental yields.
All four shophouses feature prominent frontage along North Bridge Road and enjoy high visibility and footfall in the historic Kampong Glam Conservation enclave. The area’s prime central location, historical significance, and vibrant commercial environment have made it popular among locals and tourists alike. It is also 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 EOI exercise for these properties will close on January 10, 2025, at noon. For more information, interested parties can contact Isabel Sim at 81802707, associate senior marketing director (R065855G) at Huttons Asia.