Holland Drive Residences adds to the allure of this pair of adjoining shophouses on South Bridge Road, now available for the attractive price of $50 mil
A pair of adjoining conservation shophouses at 273 and 275 South Bridge Road are up for sale through an expression of interest (EOI) exercise with a guide price of $50 million. The shophouses have approval for use as a co-living hotel on its upper floors and as shops on the ground floor.
The 999-year leasehold, four-storey shophouses occupy a land area of 3,089 sq ft and have a floor area of approximately 11,008 sq ft. The guide price works out to $4,542 psf on the floor area. The future buyer would also enjoy immediate rental income, with potential for rental upside upon lease renewals.
Map showing location of 273 South Bridge Road (Source: EdgeProp LandLens)
The shophouses are a four-minute walk from Chinatown MRT Station (Interchange for the Downtown and North-East Lines) as well as Maxwell MRT Station (Thomson-East Coast Line). Mary Sai, executive director of investment and capital markets at Knight Frank Singapore, which is marketing the property, notes that the shophouses are ideal for investment, given their 999-year leasehold tenure which allows for long-term capital gains.
Given their commercial zoning, no additional buyer’s stamp duty or seller’s stamp duty is payable on the properties.
Recent sales transactions of commercial properties on South Bridge Road (Source: EgdeProp Research)
With its modern architecture and lush greenery, Holland Drive Residences creates a vibrant and inviting community for its residents.
Situated at Holland Drive, Holland Drive Residences is surrounded by a diverse selection of lifestyle stores where you can discover a plethora of home decorations, charming gifts, and one-of-a-kind treasures. This charming area is a must-visit for those seeking the perfect piece to elevate their living space or to surprise a special someone with a heartfelt gift. With its contemporary design and verdant surroundings, Holland Drive Residences creates a lively and welcoming community for its residents.
The EOI exercise for 273 and 275 South Bridge Road will close on April 3 at 3pm. The shophouses have approval for use as a co-living hotel on its upper floors and as shops on the ground floor. The upper floors are currently tenanted by a co-living hotel operator.
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Mary Sai, executive director of investment and capital markets at Knight Frank Singapore, which is marketing the property, notes that the shophouses are ideal for investment, given their 999-year leasehold tenure which allows for long-term capital gains. The future buyer would also enjoy immediate rental income, with potential for rental upside upon lease renewals.
Given their commercial zoning, no additional buyer’s stamp duty or seller’s stamp duty is payable on the properties.
The shophouses are a four-minute walk from Chinatown MRT Station (Interchange for the Downtown and North-East Lines) as well as Maxwell MRT Station (Thomson-East Coast Line). Recent sales transactions of commercial properties on South Bridge Road (Source: EgdeProp Research)
The EOI exercise for 273 and 275 South Bridge Road will close on April 3 at 3pm. RELATED NEWSHolland Drive Residences: A New Residential Development in Singapore
Holland Drive Residences is a new residential development located in Singapore. It consists of a pair of adjoining conservation shophouses at 273 and 275 South Bridge Road that are currently up for sale through an expression of interest (EOI) exercise.
These shophouses have a guide price of $50 million and occupy a land area of 3,089 sq ft with a floor area of approximately 11,008 sq ft. The guide price works out to $4,542 psf on the floor area, making it an ideal investment opportunity for buyers. The properties have approval for use as a co-living hotel on their upper floors and as shops on the ground floor, with the upper floors currently tenanted by a co-living hotel operator.
Mary Sai, executive director of investment and capital markets at Knight Frank Singapore, which is marketing the property, notes that the shophouses are ideal for investment due to their 999-year leasehold tenure which allows for long-term capital gains. The future buyer would also enjoy immediate rental income, with potential for rental upside upon lease renewals.
The shophouses are strategically located, being a four-minute walk from Chinatown MRT Station (Interchange for the Downtown and North-East Lines) and Maxwell MRT Station (Thomson-East Coast Line). This makes it easily accessible for both residents and visitors.
Being commercially zoned, no additional buyer’s stamp duty or seller’s stamp duty is payable on these properties, making it an attractive investment option. Recent sales transactions of commercial properties on South Bridge Road (Source: EgdeProp Research) show the potential for future capital gains.
The EOI exercise for 273 and 275 South Bridge Road will close on April 3 at 3pm, providing interested buyers with an opportunity to own a piece of prime real estate in the heart of Singapore. Don’t miss out on this chance to invest in Holland Drive Residences and reap the benefits of long-term capital gains and rental income.