+1

Syed Alwi Road

District 08, Singapore

8 hours ago

category

Shophouse

2,192 sqft (built up)

S$1,368.61 psf

For sale

S$3,000,000

Key Details

Property Segment

Commercial

Main Category

Shophouse

District

D08

Is Tenanted

Yes

Price per sqft

S$1,368.61

Fitting

Partially Fitted

Facilities

Fitting

Partially Fitted

Air Conditioning

Included

Amenities

Air Conditioning

Air Conditioning

Description

Fully Restored Conservation Shophouses within Little India Conservation Area for Sale ! 

1st Storey
General Trading Area / office / meeting room  / pantry/ store / common toilet
2nd Storey
Storage area / pantry / common toilet
Attic
Storage room 

- Total of 8 conservation shophouses in the row. To be sold individually or in bulk purchases 
- Looking at $3.2imil to $4mil negotiable per unit 
- Fully restored , refurbished and renovated 
- Each Individual shophouse asking from $3.3mil 
- Land Area 1292 sqft , Estimated Build up 2196sqft 
- Asking $3.5mil Nego , selling below Valuation ! 
- 99 year leasehold starting from Nov'1999
- Zoned Commercial under URA master plan 2014
- Foreigners eligible to buy at no ABSD and no SSD
- Beautifully renovated according to strict conservation guidelines  
- Minutes walk to 3 MRT lines - Jalan Besar MRT (Downtown Line) , lavender MRT(EW LINE) and Farrer MRT(NE Line) 
- In the enclave of cultural heritage, hotels,  cafes / bars , retail shops and offices 
- Main road frontage to maximum exposure from human crowd and car traffic . Good for businesses 
- Value of owning land titles over strata commercial property 

Why is capital gain more important consideration than rental yield
- Heritage value  appealing to Family offices and High Net worth individuals
- Scarcity in market , adjoining conservation shophouses is even rarer !  

Landed Conservation Shophouse VS Strata Titled Commercial, which one has more value ? 
- Only $17xx based on built up area
- Strata titled ARC 380 retails shop sold close to $5000 psf 

Sungei Road "Thief" Market recently moved out to make way for future residential development , driving up the human footprint in future !

Call 87866000 for expression of interest
Premium Agent

Lionel Mai

ERA Realty Network Pte Ltd

CEA: L3002382K | R057742E

Response rate: 80%

Calculated using last 10 consumer enquiries in the last 30 days
Premium Agent

Lionel Mai

ERA Realty Network Pte Ltd

CEA: L3002382K | R057742E

Response rate: 80%

Calculated using last 10 consumer enquiries in the last 30 days

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