Nestled in the historic Bukit Pasoh conservation area, the freehold conservation shophouses at 136 and 138 Neil Road present a unique investment opportunity, boasting a total floor area of approximately 11,441 sq ft. Designed in a “stripped Classical style” by the renowned architectural firm Swan & Maclaren, these properties encapsulate the rich heritage and architectural pedigree of the region.
Completed in 1926, the shophouses are distinguished by their cantilevered bay windows and reinforced concrete balconies, features that not only enhance their aesthetic appeal but also reinforce their historical significance.
The properties have undergone meticulous restoration in 2014, a process that improved their structural integrity and upgraded fire safety systems, all while preserving the conserved facade that reflects their historical character. This careful balance of modern safety with traditional aesthetics makes these shophouses a rare find in today’s property market.
Their location within the Bukit Pasoh conservation area adds to their allure, as the precinct is well-regarded for its enduring charm and vibrant atmosphere, making it a desirable destination for both residents and businesses alike.
With a guide price of $65 million, this offering stands out as an attractive investment opportunity in a tightly held precinct. The shophouses not only provide a chance for immediate occupancy but also hold potential for future capital appreciation due to their prime location and the ongoing interest in heritage properties.
Investors are drawn to such properties, as they often appreciate in value, particularly in areas that combine historical significance with modern amenities.
The marketing of these shophouses is being handled by esteemed joint exclusive agents Colliers and List Sotheby, further underscoring the investment’s potential. The expression of interest exercise, scheduled to close on July 25, has attracted attention from a diverse range of investors, including those looking to capitalize on the growing demand for properties that offer both a unique character and sound investment fundamentals.
As the property landscape in Singapore continues to evolve, opportunities such as these shophouses are increasingly rare. The combination of freehold status, heritage conservation, and strategic location places these properties in a unique position within the market.
Investors seeking to diversify their portfolios with tangible assets that also offer a piece of history will find these shophouses particularly appealing.
NEW CONDO LAUNCH: BOULEVARD COAST
Boulevard Coast is a newly launched condominium project offering a variety of modern living spaces, from one-bedroom apartments to spacious family units.
With competitive pricing, the Boulevard Coast project is expected to attract both investors and homebuyers.
Residents will benefit from recreational facilities like a swimming pool and gym, along with beautifully landscaped gardens.
The Boulevard Coast site plan ensures easy access to major transport links, enhancing convenience for work and leisure.
For more details, check out the Boulevard Coast floor plan and pricing information.
View Boulevard Coast Condo ShowFlat & Get VVIP Discount. Register or contact 6100 8822 to book showflat appointment.
News Source: Edgeprop
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