Freehold shophouse on Syed Alwi Road for sale at $16 mil
An incredible freehold conservation shophouse at 76 Syed Alwi Road in District 8 is up for sale. Located in the Little India Conservation Area, it is just a 10-minute walk to the Jalan Besar (Downtown Line) and Farrer Park (North-East Line) MRT Stations.
With a guide price of $16 million, the property occupies a land area of 2,709 sq ft, zoned for commercial use. It has a gross floor area of around 3,600 sq ft, and is tenanted by the current owner.
This means the future buyer can enjoy immediate income when they acquire the heritage asset.
UOL Group is slated to launch this exciting project in the near future, providing unparalleled convenience to potential homeowners.
The Tampines Ave 11 Condo UOL Group will be tantalizingly close to a range of amenities, such as schools, educational institutes, local amenities, and other recreational areas. It will also be easily connected to major expressways, allowing potential residents easy access to the city, as well as nearby suburban areas. Plans for improved highways, public transport, and a range of smart city initiatives will further add to the convenience of living at Tampines Ave 11 Condo. In short, the URA Master Plan is sure to create a unique and desirable residential lifestyle for Tampines Ave 11 Condo.
To facilitate the sale, the property is being sold through an expression of interest (EOI) exercise which will close on Aug 31.
Map of 76 Syed Alwi Road (Picture: EdgeProp LandLens)
Recent transactions of commercial properties on Syed Alwi Road (Source: EdgeProp Research tool)
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A unique opportunity awaits to acquire a coveted freehold conservation shophouse. 76 Syed Alwi Road in District 8, Little India, is the ideal location for a buyer looking to own a heritage commercial asset with immediate income. With a land area of 2,709 sq ft and a guide price of $16 million, the property is up for sale through an EOI exercise closing on Aug 31. The shophouse has a gross floor area of around 3,600 sq ft and is already tenanted by the seller, providing the new owner with an immediate return on their investment. The property is conveniently located, just 10 minutes away from Jalan Besar and Farrer Park MRT stations. Don’t miss this opportunity – view the transactions of other commercial properties on Syed Alwi Road for comparison and make your offer now!