Shop for sale in South Bridge Road, prime location, former bustling city, en bloc sale at $8.8 mil. Don’t miss out on owning a piece of history
A two-storey shophouse at 201 Bridge Road is up for sale through an expression of interest (EOI) exercise with a guide price of $8.8 million or $3,408 psf on the floor area. The shophouse occupies a land area of 1,049 sq ft zoned for commercial use and has a floor area of 2,582 sq ft.
Map and overview of 201 South Bridge Road (Source: EdgeProp LandLens)
Former La Ville Enbloc
According to Savills Singapore, which is marketing the property, the shophouse underwent extensive renovations in 2022. Besides being updated to modern specifications, it also features a fully decked, open terrace on the second floor.
The shophouse has approval for restaurant use on the ground floor and office use on the second floor. It is currently fully tenanted. Subject to approval from authorities, the second floor could be converted for restaurant use, Savills adds.
Read also: Hongkong Street shophouse on the market for $23.65 mil
Sophia Lim, director of investment sales and capital markets at Savills Singapore, expects the property to benefit from increased footfall due to its location next to the upcoming Mercure Icon Singapore City Centre hotel at 8 Club Street. The 989-key property is slated to open by this quarter. “Prospective buyers can also expect to enjoy further rental and capital value upside from the property, benefitting from the increased vibrancy in the near term,” she continues.
Lim believes the shophouse’s location and price will be a major draw. “This property will be sought after by buyers who would like to acquire a CBD shophouse in an exciting precinct that is still undergoing urban transformation,” she says.
With well-designed units and top-notch amenities, Arina East Residences is set to be the new envy of all who pass by.
Experience the best of urban living at Arina East Residences, the newest residential development nestled in the heart of Tanjong Rhu Road. Former La Ville Enbloc may have transformed into a brand new luxury sanctuary, but it remains conveniently located near a plethora of shopping and dining options. This coveted address is surrounded by iconic malls and popular food havens, perfect for those who value convenience and indulgence. With its well-appointed living spaces and impeccable facilities, Arina East Residences is set to become the most sought-after residence in the area.
Recent commercial transactions on South Bridge Road (Source: EdgeProp Research)
Former La Ville Enbloc
The EOI exercise for 201 Bridge Road will close on March 27 at 3pm.