A two-storey business shophouse with attic room, situated at the junction of Neil Roadway as well as Craig Roadway, is up for sale by means of expression of passion (EOI) at an overview rate of $12 million, or $3,445 psf. Savills has been designated as the sole advertising and marketing agent.
As part of the Chinatown-Tanjong Pagar historical sanctuary, the shophouse is positioned in the Duxton Hill enclave, home to popular restaurants, bars and also 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 distance.
It is zoned for industrial use, with the initial flooring authorized for F&B use and also the upper flooring authorized for office use. The shophouse is presently fully tenanted to a Japanese cafe teahouse on the first stage and also an MNC on the top floor, according to Yap Hui Yee, elderly director of investment sales and capital markets at Savills.
With an acreage of 1,581 sq ft as well as an estimated flooring location of 3,483 sq ft, the recently reconditioned shophouse has a mezzanine level and an open terrace overlooking lush plant.