As part of the Chinatown-Tanjong Pagar historical sanctuary, the shophouse is positioned in the Duxton Hill territory, residence to preferred restaurants, bars and also 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 strolling distance.
It is zoned for business use, with the initial flooring approved for F&B use and the upper flooring accepted for office use. The shophouse is presently completely tenanted to a Japanese coffee shop teahouse on the very beginning as well as an MNC on the upper flooring, according to Yap Hui Yee, elderly director of financial investment sales and resources markets at Savills.
With an acreage of 1,581 sq ft and also an approximated flooring area of 3,483 sq ft, the recently refurbished shophouse has a mezzanine degree as well as an open terrace ignoring rich greenery.
A two-storey industrial shophouse with attic, situated at the joint of Neil Road and Craig Road, is up for sale via expression of rate of interest (EOI) at a guide rate of $12 million, or $3,445 psf. Savills has been assigned as the sole advertising agent.