A corner, four-storey conservation shophouse on New Bridge Road (below) has been put up for sale by EOI. According to marketing agent Knight Frank, the indicative price for the shophouse, which has a 99-year lease commencing from August 2016, is between $18 million and $19 million.

Located at the junction of New Bridge Road and Upper Circular Road, the shophouse sits on a land area of 1,452 sq ft. It houses Song Fa Bak Kut Teh on the ground floor and offices on the upper floors. Zoned for commercial use with a plot ratio of 4.2, the shophouse has a GFA of 5,324 sq ft, according to Knight Frank.

The EOI exercise closes on Nov 2.

Source: Knight Frank