Neil Road shophouse for sale for $16.5 million

A commercial shophouse that is freehold located in 128 Neil Road is up for sale via the expression of interest (EOI) exercise, with an estimated minimum cost that is $16.5 million. That’s $5,882 per square foot for the area that is built-up.

SORA Condo brochure boasting expansive site and gross floor areas, SORA Condo provides spacious units to ensure an enjoyable living experience.

The two-storey shophouse within Bukit Pasoh Conservation Area. Bukit Pasoh Conservation area was offered for sale via tender in June for the offer in the range of $18.8 million ($6,866 per sq ft) but was unable to find buyers.

The shophouse is situated on an that is 1,336 square feet which is zoned for commercial usage. It has mezzanine, and has an approximate built-up space of 2,805 square feet, subject to an site survey. It is currently rented out and is utilized for office use.

The property is located close of Outram Park MRT Stations. Maxwell, Tanjong Pagar and Outram Park MRT Stations.

Loyalle Chin Director of PropNex ShophouseHuat and associate district director at PropNex Realty remarks that the location and the property’s features make it a great investment for those looking to purchase an office space to run their company or as an instant income-generating asset. He believes that the shophouse will draw investors looking for “value purchase” under $20 million.

The EOI process to apply for the 128 Neil Road will close on November 1 at 3pm.