2-storey Bussorah Street shophouse for sale for $5.18m

The expression of interest is until 15 June.

A two-storey shophouse on Bussorah Street has been put for sale for $5.18m, its exclusive agent Feracity announced.

Located in Kampong Glam, the property has a land area of 725 square feet (sq. ft.) and a floor area of 1300 sq. ft. subject to survey. It has a tenure of 99 years from 2003, ensuring stability and long-term potential for growth, Feracity said.

The real estate agency also said the shophouse currently has tenants, which assures immediate rental income.

“This presents an opportune moment for savvy investors and entrepreneurs to capitalise on prime real estate,” Feracity Associate Executive Director Adnic Lee said.

ALSO READ: Coliwoo and Macritchie JV acquires Wilmer Place for $26.5m

According to Feracity, the Kampong Gelam Alliance, which is composed of residents, cultural institutions and businesses in the area, revealed in July 2023 its plans to further attract visitors.

“These initiatives, spanning the next four to five years, include enriching the district with cultural activities, green spaces, and captivating artwork, solidifying its position as an enticing destination for visitors and residents alike,” the agency said.

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