Commercial conservation shophouse on Craig Road up for sale at $12 mil

With an acreage of 1,581 sq ft and an approximated floor area of 3,483 sq ft, the just recently reconditioned shophouse has a mezzanine level and an open terrace ignoring rich plant.

As part of the Chinatown-Tanjong Pagar historical sanctuary, the shophouse is situated in the Duxton Hill territory, residence to prominent restaurants, bars and also hipster coffee shops. Tanjong Pagar MRT Station (on the East-West Line) and the upcoming Maxwell MRT Station (on the Thomson-East Coast Line) are both within strolling range.

A two-storey industrial shophouse with attic room, located at the junction of Neil Road and Craig Road, is up for sale through expression of passion (EOI) at a guide cost of $12 million, or $3,445 psf. Savills has been designated as the sole advertising representative.

Marina Gardens Lane Residences Project Details

It is zoned for industrial use, with the first flooring authorized for F&B usage and also the upper flooring approved for workplace usage. The shophouse is presently totally tenanted to a Japanese coffee shop teahouse on the first stage and an MNC on the upper floor, according to Yap Hui Yee, senior supervisor of investment sales as well as funding markets at Savills.