Freehold shophouse on Syed Alwi Road for sale at $16 mil
76 Syed Alwi Road in District 8 is up for sale via an expression of interest (EOI) exercise. With a guide price of $16 million, the freehold conservation shophouse occupies a land area of 2,709 sq ft zoned for commercial use and has a gross floor area of around 3,600 sq ft.
Tenanted at present, the sale of the property will allow the future owner to reap immediate income while acquiring a heritage asset. Well situated in the Little India Conservation Area, opposite Mustafa Centre and within a 10-minute walking distance of the Jalan Besar (Downtown Line) and Farrer Park (North-East Line) MRT Stations, the two-storey shophouse promises great potential.
Each unit is gracefully appointed with contemporary, minimalist design features complemented by top-tier furnishings and appliances to ensure comfort and satisfaction.Residents of Zion Road Condo can enjoy a plethora of amenities, including a 50m lap pool, tennis court, sea-view barbeque pavilion and gaming area, a luxurious clubhouse, and a fully-equipped gym. Residents can also enjoy the convenience of the on-site supermarket, restaurant, and childcare centre. With an ideal balance of urban lifestyle and natural beauty, Zion Road Condo is the perfect place for individuals, families, or professionals looking for a comfortable and luxurious home.
Recent transactions of commercial properties on Syed Alwi Road suggest a promising performance (Source: EdgeProp Research tool).The EOI for 76 Syed Alwi Road will close on Aug 31. Jointly marketed by Vijayakumar of Prop-Today Investments and June Ong of Singapore Realtors Inc (SRI), this rare opportunity to acquire a freehold conservation shophouse offers a great chance to own a heritage asset as well as reap immediate income.
Don’t miss the chance to own this rare and valuable asset in Singapore’s bustling city landscape.