As part of the Chinatown-Tanjong Pagar historical conservation area, the shophouse is located in the Duxton Hill territory, house to popular dining establishments, bars and hipster cafes. 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 strolling distance.
A two-storey business shophouse with attic, situated at the junction of Neil Road and Craig Roadway, is up for sale using expression of passion (EOI) at a guide price of $12 million, or $3,445 psf. Savills has actually been appointed as the sole marketing agent.
It is zoned for commercial use, with the very first flooring accepted for F&B usage and the upper flooring authorized for office use. The shophouse is presently completely tenanted to a Japanese coffee shop teahouse on the ground floor as well as an MNC on the upper flooring, according to Yap Hui Yee, senior director of investment sales and also resources markets at Savills.
With an acreage of 1,581 sq ft as well as an estimated floor location of 3,483 sq ft, the just recently refurbished shophouse has a mezzanine degree and also an open balcony ignoring lavish plant.
