What makes the shophouses at 136 and 138 Neil Road an attractive investment opportunity? Nestled within the vibrant Bukit Pasoh conservation area, these rare freehold conservation shophouses are being offered for sale at a guide price of $65 million. Their unique position in a historical district, combined with the scarcity of similar properties, ensures heightened interest from potential investors looking to own a piece of Singapore’s architectural heritage.
Constructed in 1926 and designed by the renowned architectural firm Swan & Maclaren, these shophouses encompass a total floor area of approximately 11,441 square feet across four storeys. This substantial space offers numerous possibilities for various commercial or mixed-use ventures. The layout includes a partially open upper level and a charming roof terrace, which can serve as an appealing feature for businesses seeking to create an inviting atmosphere for customers.
The architectural style of the shophouses reflects significant historical elements, such as cantilevered bay windows and reinforced concrete balconies, which contribute to their aesthetic charm and cultural value. The conservation status of the shophouses enhances their desirability, as properties within conservation areas often come with restrictions that protect their historical character and integrity. This factor not only preserves the architectural beauty but also provides a sense of stability and long-term value for investors.
Properties like these are limited, making them increasingly sought after in the competitive real estate market. Thus, the rarity of such conservation shophouses adds an extra layer of appeal for buyers looking to invest in a unique asset. The ongoing sale process, which is being conducted through an expression of interest (EOI) that closes on July 25, presents a timely opportunity for interested parties. The limited window for submissions further amplifies the urgency for potential buyers.
With competition likely to be fierce due to the scarcity of these types of properties, investors may find themselves in a position where acting quickly is essential to secure a purchase. In addition to their aesthetic and historical appeal, the shophouses are located in a bustling area known for its vibrant community and diverse range of businesses. This strategic location benefits from foot traffic and neighborhood dynamics that can support a variety of enterprises, from retail outlets and restaurants to offices and galleries.
The surrounding neighborhood enhances the business potential, making it an attractive proposition for various commercial uses.
NEW CONDO LAUNCH: RIVER GREEN
River Green is an exciting new condo launch offering a variety of modern living spaces, designed to cater to diverse family sizes and preferences.
The River Green project details include luxurious facilities such as a swimming pool and fitness center, all conveniently located near riverfront amenities and transportation.
The competitive pricing and attractive financing options make River Green an appealing choice for both first-time buyers and investors.
For more information, you can view the River Green floor plan and access the River Green e-brochure.
View RIVER GREEN ShowFlat & Get VVIP Discount. Register or contact 6100 8822 to book showflat appointment.
News Source: Edgeprop
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