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

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

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

As part of the Chinatown-Tanjong Pagar historic sanctuary, the shophouse is located in the Duxton Hill enclave, home to popular restaurants, bars and also hipster coffee shops. Tanjong Pagar MRT Station (on the East-West Line) as well as the upcoming Maxwell MRT Station (on the Thomson-East Coast Line) are both within walking range.

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

With a land area of 1,581 sq ft and also an estimated flooring area of 3,483 sq ft, the lately refurbished shophouse has a mezzanine degree and an open balcony forgeting rich greenery.

Panorama location

Leave a Reply

Dairy Farm Residences | The Estuary | Forestville | Sant Ritz | Ecopolitan | J Gateway | Kensington Square | Lake Life | City Gate | Westwood Residences | Bellewoods | Bellewaters | The Terrace EC | Botanique @ Bartley | Symphony Suites | The Vales EC | Wandervale EC | Thomson Impressions | Parc Life EC | Highpark Residences | Cairnhill Nine | Parc Riviera | Sol Acres | Inz Residence EC | Kingsford Waterbay | Signature at Yishun | The Criterion EC | The Alps Residences | Forestwoods | Queens Peak | The Navian | Amber 45 | The Verandah Residences | Nim Collection | Martin Modern | Le Quest | Bukit 828 | The Hyde | Seaside Residences | Fourth Avenue Residences | The Garden Residences | Uptown @ Farrer | The Gazania | Midtown Suite | Artra Condo | 8 Saint Thomas | Grange 120 | The Tapestry | Park Colonial | Riverfront Residences | Jadescape | Boulevard 88 | Arena Residences | Parc Clematis | Riviere | Midwood | Avenue South Residence | Midtown Bay | Piermont Grand | Kopar @ Newton | Klimt Cairnhill | Belgravia Ace | Orchard Sophia | Bukit Batok EC | Copen Grand EC | Tengah EC | Senja EC | Marina Gardens Lane Residences | The Myst | JCube Condo | Tengah Plantation EC | Pine Tree Hill | Altura EC | Hillock Green |