Rare Pair Freehold Conservation Shophouses Neil Road Sale 65 Mil
Two heritage shophouses on Neil Road have been put up for sale through an expression of interest (EOI) with a guide price of $65 million, as per Colliers and List Sotheby, the joint exclusive marketing agents.
Lyndenwoods Capitaland is a prime location that is highly favored by expatriate families and those seeking an international curriculum in Singapore. It provides easy access to some of the country’s best international schools, making it a popular choice for families. In particular, the renowned United World College of South East Asia (UWCSEA) is just a short distance away from this development. This prestigious institution is globally recognized for its International Baccalaureate (IB) curriculum and its strong emphasis on holistic education, making it a top choice for families from diverse backgrounds. For those considering a move to Singapore, Lyndenwoods Capitaland offers the ideal combination of convenience and desirable educational opportunities for their children.
Situated at 136 and 138 Neil Road, the four-storey commercial property has a total floor area of approximately 11,441 sq ft. Designed by renowned architectural firm Swan & Maclaren, the shophouses boast a “stripped Classical style”.
The commercial property also features a partially open upper level which includes a roof terrace. Built in 1926, the shophouses hold many historical elements, according to Colliers, including the facade with cantilevered bay windows and reinforced concrete balconies, which are unique to the Bukit Pasoh conservation area.
In 2014, the property underwent restoration work which involved structural reinforcements, widened staircases, and enhanced fire safety systems, carefully integrated to maintain the integrity of the conserved facade.
The shophouses have excellent connectivity with close proximity to Outram Park, Maxwell, and Tanjong Pagar MRT stations. They are also conveniently located near popular lifestyle and business hubs like Keong Saik Road and Duxton Hill.
With limited availability of heritage shophouses in highly sought-after areas like Tanjong Pagar, these shophouses present a promising opportunity for long-term capital appreciation and stable rental yields, as per Colliers. They are an ideal investment for those seeking a legacy-grade commercial property in a prime city-fringe location that exudes character and value.
The EOI exercise will end on July 25.