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

It is zoned for business use, with the first flooring approved for F&B use as well as the top flooring approved for Arina East Residences office use. The shophouse is currently completely tenanted to a Japanese coffee shop teahouse on the very beginning and an MNC on the upper floor, according to Yap Hui Yee, senior director of financial investment sales and also resources markets at Savills.

The Verandah Residences Project Details

With a land area of 1,581 sq ft and also an approximated flooring area of 3,483 sq ft, the lately refurbished shophouse has a mezzanine level and an open terrace overlooking lush plant.

As part of the Chinatown-Tanjong Pagar historic conservation area, the shophouse is situated in the Duxton Hill territory, home to popular dining establishments, 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 commercial shophouse with attic, located at the joint of Neil Road as well as Craig Roadway, is up for sale by Renting Out My Condo means of expression of passion (EOI) at a guide cost of $12 million, or $3,445 psf. Savills Tampines Ave 11 Tender has actually been assigned as the single advertising agent.

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