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

Arena Residences Roxy Holdings

With a land area of 1,581 sq ft and an approximated floor area of 3,483 sq ft, the recently refurbished shophouse has a mezzanine degree and an open terrace ignoring lavish plant.

A two-storey industrial shophouse with attic, located at the joint of Neil Road as well as Craig Roadway, is up for sale using expression of interest (EOI) at a guide price of $12 million, or $3,445 psf. Savills has been appointed as the sole advertising representative.

It is zoned for business use, with the very first floor approved for F&B use as well as the upper flooring accepted for workplace usage. The shophouse is presently totally tenanted to a Japanese cafe teahouse on the very beginning as well as an MNC on the top flooring, according to Yap Hui Yee, senior supervisor of investment sales as well as resources markets at Savills.

As part of the Chinatown-Tanjong Pagar historic conservation area, the shophouse is located in the Duxton Hill enclave, residence to popular dining establishments, bars and also hipster coffee shops. Tanjong Pagar MRT Station (on the East-West Line) and also the upcoming Maxwell MRT Station (on the Thomson-East Coast Line) are both within walking distance.