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

By Hailey Yu / EdgeProp Singapore | July 27, 2022 5:51 PM SGT
The commercial shophouse on Craig Road, up for sale at $12 mil (Source: Savills)
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SINGAPORE (EDGEPROP) - A two-storey commercial shophouse with attic, located at the junction of Neil Road and Craig Road, is up for sale via expression of interest (EOI) at a guide price of $12 million, or $3,445 psf. Savills has been appointed as the sole marketing agent.
With a land area of 1,581 sq ft and an estimated floor area of 3,483 sq ft, the recently refurbished shophouse has a mezzanine level and an open terrace overlooking lush greenery.
It is zoned for commercial use, with the first floor approved for F&B use and the upper floor approved for office use. The shophouse is currently fully tenanted to a Japanese cafe teahouse on the ground floor and an MNC on the upper floor, according to Yap Hui Yee, senior director of investment sales and capital markets at Savills. (Find Singapore commercial properties with our commercial directory)
As part of the Chinatown-Tanjong Pagar historic conservation area, the shophouse is situated in the Duxton Hill enclave, home to popular restaurants, 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.
The EOI exercise will close on Aug 31, at 3pm.

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