Conservation shophouse in District 1 launched for sale

It will be sold via private treaty.

A four-storey prime conservation shophouse in District 1 was launched for sale via private treaty.

The property, 21 New Bridge Road, occupies a land area of 1,443 square feet (sqft) and will have a gross floor area (GFA) of 5,034 sqft, excluding the roof terrace, after refurbishment, with a new lift installed. Its refurbishment is expected to be completed in Q123.

Since the property is also available for sale on an as-is basis, the new purchaser can decide whether to undertake the refurbishment on their own.

Since 21 New Bridge Road is situated within a secondary conservation area, Sakal Real Estate Partners, the property’s marketing agent, said a rear extension may be allowed and can be built up to a GFA of 6,063 sqft, subject to approval from relevant authorities.

“The asset boasts a prominent frontage, with direct sheltered access to Clarke Quay Central Mall and Clarke Quay MRT Station. It is also well located and is in the proximity of the Clarke Quay F&B and Entertainment enclave, Raffles Place, Boat Quay, as well as Chinatown,” Sakal Real Estate Partners said.

In December 2021, the shophouse’s tenure was topped up to a fresh 99-year lease.

Its ground floor was approved for restaurant use, whilst its upper floors are suitable for office, shop, and takeaway food shop use, subject to approval from relevant authorities.