With an acreage of 1,581 sq ft and an approximated floor location of 3,483 sq ft, the lately refurbished shophouse has a mezzanine degree and an open balcony overlooking rich plant.
It is zoned for industrial use, with the initial floor authorized for F&B use and the upper floor authorized for office usage. The shophouse is currently fully tenanted to a Japanese cafe teahouse on the ground floor and also an MNC on the top flooring, according to Yap Hui Yee, elderly director of financial investment sales and also capital markets at Savills.
As part of the Chinatown-Tanjong Pagar historic conservation area, the shophouse is positioned in the Duxton Hill territory, residence to popular restaurants, bars as well as hipster coffee shops. 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 range.
A two-storey industrial shophouse with attic, located at the joint of Neil Road and also Craig Road, is up for sale via expression of rate of interest (EOI) at an overview rate of $12 million, or $3,445 psf. Savills has actually been assigned as the sole advertising agent.