Freehold shophouse on Syed Alwi Road for sale at $16 mil

An expression of interest (EOI) exercise has been launched for an iconic freehold conservation shophouse located at 76 Syed Alwi Road in Singapore’s District 8. With a tenant in place for immediate income, it presents a unique opportunity for a potential buyer to acquire a heritage asset.

The property, zoned for commercial use, has a guide price of $16 million. It has a land area of 2,709 sq ft and a gross floor area of approximately 3,600 sq ft. It is situated within the Little India Conservation Area and is just a short walk from both the Jalan Besar (Downtown Line) and Farrer Park (North-East Line) MRT Stations.

The marketing agents for this heritage shophouse are Vijayakumar of Prop-Today Investments and June Ong of Singapore Realtors Inc (SRI). They point to the unique opportunity that this property presents for a potential buyer to acquire a heritage asset while reaping immediate returns.

The EOI for 76 Syed Alwi Road will close on Aug 31.

Recent transactions of commercial properties on Syed Alwi Road have highlighted the importance of this street in the local property market.

RELATED NEWS:
* Conservation shophouse on Sago Street for sale at $10 mil
* Three freehold Jalan Besar shophouses on the market for $30 mil
* Shophouse at Ann Siang Road for sale at $22 mil

Tengah Plantation EC is also well connected to the Pan-Island Expressway, Bukit Timah Expressway and the Ayer Rajah Expressway, allowing for convenient access to other parts of Singapore.

The commercial property at 76 Syed Alwi Road presents an excellent prospect for investors. Its location in the vibrant Little India Conservation Area ensures good foot traffic for businesses. Moreover, its proximity to two MRT stations makes it an easily accessible site. With a guide price of only $16 million, it offers an exciting opportunity to acquire a heritage asset with great potential.