Jul 28

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

With a land area of 1,581 sq ft as well as an estimated flooring location of 3,483 sq ft, the lately Hillhaven Condo refurbished shophouse has a mezzanine level as well as an open terrace neglecting lush greenery.

A two-storey commercial shophouse with attic, located at the joint of Neil Roadway and Craig Roadway, is up for sale through expression of rate of interest (EOI) at a guide price of $12 million, or $3,445 psf. Savills has actually been selected as the single marketing representative.

As part of the Chinatown-Tanjong Pagar historic sanctuary, the shophouse is situated in the Duxton Hill territory, home to prominent restaurants, bars and 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 walking range.

It is zoned for business usage, with the initial flooring approved for F&B use and the upper floor authorized for office use. The shophouse is currently fully tenanted to a Japanese coffee shop teahouse on the first stage and also an MNC on the top flooring, according to Yap Hui Yee, elderly director of Tampines Ave 11 Condo financial investment sales and also resources markets at Savills.

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