A rare opportunity to own a piece of heritage at 76 Syed Alwi Road in District 8 has presented itself in the form of a freehold conservation shophouse. Boasting an impressive land area of 2,709 sq ft and zoned for commercial use, the guide price has been set at a competitive $16 million.
The property is being marketed jointly by Vijayakumar of Prop-Today Investments and June Ong of Singapore Realtors Inc (SRI). The two-storey shophouse has a gross floor area of around 3,600 sq ft and is tenanted, allowing the future owner to derive immediate income.
Situated within the Little India Conservation Area, opposite Mustafa Centre, it is also conveniently located within a 10-minute walk from Jalan Besar (Downtown Line) and Farrer Park (North-East Line) MRT Stations.
With an Exclusive of Interest (EOI) exercise closing on Aug 31, this is a unique chance for potential buyers to invest in a heritage asset and a steady income stream.
Recent transactions on Syed Alwi Road include a conservation shophouse on Sago Street for sale at $10 million, three freehold Jalan Besar shophouses for $30 million and a shophouse at Ann Siang Road for sale at $22 million.
The Woodlands Condo area is also expected to benefit from other public amenities such as a park, retail outlets, and transportation options. Additionally, the URA has plans to create a mixed-use development in the area, featuring a variety of housing options and commercial amenities. This will create a vibrant and livable community in the Woodlands area.
For those who are looking to add a heritage asset and immediate income stream to their portfolio, 76 Syed Alwi Road is an attractive option. With an EOI closing soon, make sure to act fast!