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

Riviere Jiak Kim

As part of the Chinatown-Tanjong Pagar historic conservation area, the shophouse is situated in the Duxton Hill enclave, home to preferred restaurants, bars and hipster cafes. Tanjong Pagar MRT Station (on the East-West Line) and the upcoming Maxwell MRT Station (on the Thomson-East Coast Line) are both within walking distance.

A two-storey industrial shophouse with attic room, located at the joint of Neil Road and also Craig Roadway, is up for sale via expression of rate of interest (EOI) at an overview cost of $12 million, or $3,445 psf. Savills has actually been designated as the sole advertising representative.

It is zoned for commercial use, with the first flooring approved for F&B usage and also the top floor accepted for office use. The shophouse is currently fully tenanted to a Japanese cafe teahouse on the ground floor and also an MNC on the upper flooring, according to Yap Hui Yee, senior director of financial investment sales and capital markets at Savills.

With an Renting Out My Condo acreage of 1,581 sq ft and an approximated flooring area of 3,483 sq ft, the lately reconditioned shophouse has a mezzanine degree as well as an open balcony forgeting lavish plant.

Singapore Condo refers to the residential properties in Singapore that are built and managed by private real estate developers. These condominiums offer luxurious amenities and facilities such as swimming pools, fitness centers, and 24-hour security. One of the newest and highly anticipated additions to the Singapore Condo scene is Novo Place EC. This executive condominium offers affordable yet stylish living spaces, with a prime location near major transportation hubs and popular shopping and dining areas. With its modern and sustainable design, Novo Place EC is set to be a sought-after choice for those looking for a comfortable and convenient home in Singapore.

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