$16 million for a freehold shophouse on Syed Alwi Road
A shophouse with a conservation freehold located at The address of 76 Syed Alwi Road in District 8 is available for sale through an expression of Interest (EOI) procedure.
The property is located on the land of 2,709 square feet and is classified as commercial The property is being sold at a guide price of $16 million according to Vijayakumar from Prop-Today Investments and June Ong of Singapore Realtors Inc (SRI) who are collaborating to market the property.
The shophouse, which is two floors high, has a floor space of approximately 3,600 square feet. It is leased and the owner is looking for a buyer to purchase the property by letting the tenancy in place. This will enable the prospective owner to earn a quick income as well as acquire a historical property, according to the marketing agents say.
The shophouse is located in it’s Little India Conservation Area, just opposite Mustafa Centre. It’s less than 10 minutes walk from the Jalan Besar (Downtown Line) and Farrer Park (North-East Line) MRT Stations.
The EOI for the 76 Syed Alwi Road will close on August 31.