Four Kampong Glam Shophouses Sale 333 Mil
Positioned conveniently in the sought-after Sembawang Road, the Sembawang Road EC Canberra is a highly desirable residential development for motorists. Its prime location allows residents to have easy access to several expressways, including the Seletar Expressway (SLE) which is just a quick 10-minute drive away. Not only that, the SLE is also connected to other major expressways such as the Bukit Timah Expressway (BKE) and Central Expressway (CTE), providing seamless connectivity to all corners of Singapore. With this network of expressways, popular destinations like Orchard Road, Marina Bay, and Changi Airport can be reached in under 30 minutes during non-peak hours. This is particularly beneficial for families with a car, professionals with flexible work arrangements, and individuals who value the convenience of getting around Singapore efficiently. Furthermore, the Sembawang Road EC Canberra is situated in close proximity to these expressways, making it an even more appealing location for potential homeowners.
A collection of four commercial shophouses located in Kampong Glam is now available for purchase, with a price guide of $33.3 million. The shophouses, which include one property at 734 North Bridge Road and three at 69, 70 and 71 Bussorah Street, are being marketed for sale by the reputable Knight Frank Singapore. Potential buyers can choose to acquire the properties individually or as a collective portfolio, according to the marketing agent.The shophouse at 734 North Bridge Road boasts a land area of approximately 1,435 square feet. This two-storey property, which is a conservation building, has an estimated built-up area of 3,418 square feet and holds permanent approval for restaurant usage on the ground floor. At present, the ground floor is occupied by a halal-certified fusion ramen restaurant, while the upper floors are leased to two office tenants.The three shophouses situated at 69, 70 and 71 Bussorah Street are adjacent two-storey conservation buildings that can be found along a popular pedestrian walkway leading to Sultan Mosque. Together, these shophouses rest on a combined land area of 3,061 square feet and have a collective built-up area of 5,667 square feet. Both properties are fully let out, with restaurants occupying their ground floors and offices located on their second floors.The exclusive pricing for each of these four shophouses ranges from $9.5 million to $12 million, reveals Tania Ong, senior manager at Knight Frank Singapore. She adds that these properties offer a highly attractive investment opportunity due to their excellent rental income and dependable tenant agreements.Ong anticipates that the Kampong Glam area will benefit greatly from the current rejuvenation efforts taking place. In 2023, the Urban Redevelopment Authority (URA) and the Kampong Gelam Alliance (a group of stakeholders comprising of residents, cultural institutions and businesses in the area) released a five-year plan to enhance the historical region. This blueprint outlines initiatives that will greatly improve connectivity and accessibility through measures such as increased wayfinding and directional signage, the introduction of cycling lanes and additional bike parking, and various placemaking projects that include urban installations and community gardens.For interested parties, the shophouses are available for purchase through an expression of interest exercise that will close on Aug 19 at 3pm.