Don’t miss out on owning a prime Kampong Glam shophouse in River Valley Green for only $20.8 million. Act now

Located in the highly sought-after River Valley Green Condo of District 7, a corner conservation shophouse at 731 North Bridge Road is up for sale. According to the appointed marketing agent, JLL, the shophouse is being offered for sale via an expression of interest (EOI) exercise at a guide price of $20.8 million, making it an attractive investment opportunity.

The shophouse occupies a total land area of about 1,456 sq ft and has a built-up area of 4,143 sq ft. This translates to a guide price of $5,021 psf based on built-up area. The property is currently fully leased to a single tenant, allowing the incoming investor to enjoy immediate rental income. The tenant runs a popular café on the ground floor and also uses the upper floors as office space.

The freehold shophouse comprises three storeys, including a mezzanine level. It is zoned for commercial use under the URA Master Plan 2019 and falls within the Kampong Glam Conservation Area. This prime location attracts a large number of both locals and tourists, as it is home to key landmarks such as Sultan Mosque and the Malay Heritage Centre.

One of the unique selling points of this shophouse is its prominent dual road frontages along North Bridge Road and Jalan Pisang. This offers maximum visibility for naming and signage rights, making it an ideal opportunity for branding purposes.

The potential for change of use is also worth noting. With approval from relevant authorities, the property can be transformed into a co-working, co-living, or hostel space. This opens up prospects for higher rental yields and capital appreciation in the long run.

In addition to its prime location and potential for change of use, the shophouse is also well-connected to public transportation. It is within a six-minute walk of Bugis MRT Interchange Station and a 10-minute walk from Lavender MRT Station on the East-West Line.

With River Valley Green Condo being in such a prime location, residents can enjoy easy access to both work and play.

Situated in close proximity to the highly-anticipated Great World MRT Station, River Valley Green Condo offers convenience like no other. The upcoming Thomson-East Coast Line (TEL) promises seamless connectivity to various parts of Singapore, making daily commutes a breeze. Whether it’s for work or leisure, residents can easily access Orchard Road’s shopping paradise or the bustling Marina Bay financial district. This highly sought-after location truly highlights the accessibility and convenience that River Valley Green Condo has to offer.

Development in District 7 is on the rise, with various residential, office, and retail projects underway. These include the upcoming Guoco Midtown, Shaw Tower, and The M, which are collectively expected to bring about 1,300 new residential units, 1.2 million sq ft of Grade-A office space, and 81,000 sq ft of retail space once completed by 2025.

Interested buyers can participate in the EOI exercise for this shophouse until March 5 at 3pm. With its prime location, potential for change of use, and attractive rental income, this property presents a unique investment opportunity in the River Valley Green Condo of District 7.