Bugis Point, a six-storey commercial building at 530 North Bridge Road, has been put up for sale by public tender. According to CBRE, the appointed marketing agent, the property has a guide price of $59.5 million.
Bugis Point is located directly opposite Bugis Junction and the Bugis MRT interchange station. It sits on a 999-year leasehold site with a land area of 2,776 sq ft and has a total floor area of 16,975 sq ft.
Under the 2014 Master Plan, the site is zoned for full commercial use. The property is currently tenanted to a karaoke lounge operator, which occupies the entire building and an ancillary F&B space on the ground floor.
The public tender closes on Nov 9.
Bugis Point is located directly opposite Bugis Junction and the Bugis MRT interchange station