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

The Reserve Residences

It is zoned for industrial usage, with the initial flooring authorized for F&B use as well as the upper flooring accepted for workplace usage. The shophouse is currently fully tenanted to a Japanese cafe teahouse on the ground floor and an MNC on the upper flooring, according to Yap Hui Yee, senior supervisor of financial investment sales and capital markets at Savills.

With a land area of 1,581 sq ft and an estimated floor location of 3,483 sq ft, the just recently reconditioned shophouse has a mezzanine level and an open terrace overlooking rich greenery.

A two-storey commercial shophouse with attic room, situated at the junction of Neil Road and Craig Road, is up for sale using expression of passion (EOI) at a guide price of $12 million, or $3,445 psf. Savills has actually been assigned as the single marketing representative.

As part of the Chinatown-Tanjong Pagar historical sanctuary, the shophouse is situated in the Duxton Hill territory, residence to preferred dining establishments, bars and also hipster cafes. 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 strolling range.

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