Commercial conservation shophouse on Craig Road up for sale at $12 mil
As part of the Chinatown-Tanjong Pagar historical conservation area, the shophouse is located in the Duxton Hill enclave, residence to prominent dining establishments, bars and also hipster coffee shops. Tanjong Pagar MRT Station (on the East-West Line) and also the upcoming Maxwell MRT Station (on the Thomson-East Coast Line) are both within strolling distance.
It is zoned for commercial use, with the initial flooring authorized for F&B usage as well as the upper flooring approved for workplace use. The shophouse is presently totally tenanted to a Japanese coffee shop teahouse on the ground floor and an MNC on the top floor, according to Yap Hui Yee, elderly supervisor of investment sales and also capital markets at Savills.
A two-storey business shophouse with attic, located at the junction of Neil Road and Craig Roadway, is up for sale via expression of interest (EOI) at a guide cost of $12 million, or $3,445 psf. Savills has been assigned as the single advertising representative.
With an acreage of 1,581 sq ft and also an estimated floor location of 3,483 sq ft, the recently refurbished shophouse has a mezzanine level and also an open terrace overlooking rich greenery.
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