Four prime commercial shophouses in the vibrant Kampong Glam district are on the market, with a combined guide price of $33.3 million. This offering includes a notable property located at 734 North Bridge Road, alongside three others situated at 69, 70, and 71 Bussorah Street. The properties present an appealing investment opportunity, characterized by their strategic locations and the potential for immediate rental income.
The shophouse at 734 North Bridge Road features a land area of approximately 1,435 square feet. Currently, it is occupied by a halal-certified restaurant that benefits from permanent approval for restaurant use. This aspect of the property enhances its attractiveness to potential investors, as it ensures a steady flow of income from a well-established tenant. The presence of a restaurant in this bustling area aligns with the dining preferences of both locals and tourists, thereby supporting the sustainability of the investment.
In addition to the North Bridge Road property, the trio of shophouses on Bussorah Street boasts a combined land area of 3,061 square feet. These properties are fully tenanted, with restaurants on the ground floor and offices occupying the upper levels. This mixed-use configuration not only diversifies the income stream but also positions the properties advantageously within the community.
The ground-floor restaurants cater to the high foot traffic typical of Kampong Glam, while the office spaces above provide a necessary balance to the commercial ecosystem of the area. The investment potential of these shophouses is underscored by their individual prices, which range from $9.5 million to $12 million. Given the robust rental demand in this vibrant district, prospective buyers can expect to benefit from immediate rental income.
The presence of stable tenants further solidifies the appeal of these properties, allowing investors to enjoy a relatively low-risk investment in a dynamic market. The Kampong Glam district itself is undergoing significant revitalization, supported by a five-year enhancement blueprint initiated by the Urban Redevelopment Authority (URA) and the Kampong Gelam Alliance.
This initiative focuses on improving connectivity and enhancing community spaces, which is likely to drive increased foot traffic and interest in the area. The ongoing developments signal a commitment to transforming Kampong Glam into an even more attractive destination for both residents and visitors alike.
As such, these shophouses are not simply properties; they are part of a larger narrative of urban transformation and economic opportunity. For investors looking to capitalize on the burgeoning commercial landscape of Singapore, these shophouses in Kampong Glam present a compelling proposition. The combination of prime location, established tenants, and strategic urban planning makes these properties an enticing opportunity for those seeking to invest in the future of this historic district.
NEW CONDO: GEMS VILLE
GEMS VILLE is an exciting new condominium project that offers modern living spaces and a range of amenities designed to meet the needs of diverse residents, from families to retirees.
With various unit types and sizes, GEMS VILLE promises a lifestyle enhanced by features such as a swimming pool and fitness center.
The development’s strategic location near transportation hubs supports easy access to public transport and roadways, making it a desirable choice for urban dwellers.
For detailed project information, including the GEMS VILLE Floor Plan and GEMS VILLE Price, explore the GEMS VILLE E-brochure.
View GEMS VILLE Today & Get VVIP Discount. Register or call 6200 6220 to view actual units today.
News Source: Edgeprop
Images are not actual photos. For illustration purpose only.