- Auction Property
- Auction Date & Venue
- New Launch
- Huttons Auction Team
Rare F&B & Backpacker Hostel Approved Shophouse. Near Bugis MRT.
Subject property is a 99-year leasehold property commencing from 1952.
Located along Arab Street, off North Bridge Road in Kampong Glam Conservation Area. The vicinity comprises mainly conservation shophouses, office buildings and hotels.
Land size is approximately 1323sqft
GFA approximately 3907sqft
Commercial zoned shophouse, Foreigners are eligible to buy, No ABSD
Approximately 500m away from Bugis MRT Station, less than 8 minutes walk
Currently tenanted to an F&B operator on the ground floor and Backpacker Hostel on L2 to L4 + Attic.
Rental income is $20,000/month @ approximately 4% rental yield with potential to revise higher.