The proprietors of Bugis Cube, the six-storey business development in 470 North Bridge Road, have relaunched a collective sale of this strata-titled mall. A previous effort made in May this season failed to bring in any bids.
Bugis Cube sits in an 11,615 sq foot plot and the whole development includes a confirmed GFA of 66,614 sq feet, which is equal to a plot ratio of 5.735. The website is zoned”Commercial” using a gross plot ratio of 4.2 beneath the 2014 Master Plan. The mall includes 119 strata-titled retail stores, such as F&B outlets, beauty parlours, and karaoke lounges.
Major forthcoming projects in the Region comprise Guoco Midtown, the redevelopment of both Shaw Towers, along with the near future residential improvements in Tan Quee Lan Street and Middle Road. Bugis Cube can also be near City Hall and Bugis MRT Stations and available through the East Coast Parkway and Marina Coastal Expressway.
“A 999-year leasehold tenure website in [this] prime place is seldom available for sale. Since the sale is with vacant possession, the potential buyer may take the chance to add value to the construction through strength improvement projects by introducing co-working area theories, specialty services and practices, or convert [the land ] to a boutique office building using its naming rights,” states Annalyn Ooi, associate director of capital markets in C&W.