It is zoned for commercial use, with the initial flooring authorized for F&B usage and the top flooring approved for workplace usage. 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 funding 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 as well as an open balcony forgeting lush plant.
A two-storey commercial shophouse with attic, situated at the junction of Neil Road and also Craig Roadway, is up for sale through expression of interest (EOI) at a guide cost of $12 million, or $3,445 psf. Savills has been selected as the single marketing representative.
As part of the Chinatown-Tanjong Pagar historical conservation area, the shophouse is positioned in the Duxton Hill territory, home to prominent dining establishments, 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 strolling distance.