SINGAPORE – Knight Frank Singapore is pleased to offer a freehold, two-storey terrace house with attic at 141 Neil Road for sale via Expression of Interest (EOI) for S$4.8 million.
Located within the Residential Historic District of the Blair Plain Conservation Area, the family home sits in an exclusive locale filled with diverse facades, rich ornamentation and unique architectural styles. The District 2 property belongs to a compact cluster of two-and three-storey shophouses and residential terrace houses, designed across the Early, Transitional, Late Shophouse and Art Deco Styles. The strictest form of building conservation is practised in this district.
Situated to the west of the Downtown Core, the residential shophouse is accessible via Outram Park MRT station on the East-West Line, as well as the upcoming Cantonment MRT station on the Circle Line.
The shophouse has a land area of approximately 3,193 sq ft and gross floor area of approximately 4,813 sq ft, and is sold with vacant possession.
Ms Mary Sai, Executive Director of Investment and Capital Markets, Knight Frank Singapore, comments, “There has been a dearth of such residential heritage houses in the CBD fringe area for sale, as these are likened collector’s gems which are very much sought after.
“Fully refurbished heritage terrace houses in the Cairnhill vicinity are currently calling for more than S$10 million per building, depending on the land and floor areas. At nearby Blair Road, refurbished heritage houses with a land size of approximately 1,500 sq ft are asking for S$5.5 million.
“There are buyers who like to acquire conservation houses in their original condition as they can be renovated into aesthetically pleasing dream homes, so long as they fall within URA’s conservation guidelines. Additionally, the Neil Road home is located only about 500 metres away from the future Greater Southern Waterfront.”
The residential shophouse at Neil Road is offered by the same trust that put up a portfolio of three commercial shophouses for sale last week – at 151 Telok Ayer Street, 14 Stanley Street and 8 Smith Street. The District 1 conservation shophouses are offered for sale as a portfolio for S$31 million or can be purchased individually for S$12 million (Telok Ayer Street and Stanley Street shophouses) and S$7 million (Smith Street shophouse) respectively.
The EOI for the Neil Road property will close on Wednesday, 13 November 2019, at 3 pm.