With an acreage of 1,581 sq ft and also an approximated flooring location of 3,483 sq ft, the recently refurbished shophouse has a mezzanine degree as well as an open terrace neglecting lavish plant.
As part of the Chinatown-Tanjong Pagar historical sanctuary, the shophouse is positioned in the Duxton Hill enclave, home to popular restaurants, bars and hipster coffee shops. Tanjong Pagar MRT Station (on the East-West Line) and also the upcoming Maxwell MRT Station (on the Thomson-East Coast Line) are both within walking range.
It is zoned for industrial use, with the initial flooring approved for F&B usage and the top floor authorized for office use. The shophouse is currently fully tenanted to a Japanese coffee shop teahouse on the first stage and an MNC on the top flooring, according to Yap Hui Yee, senior director of investment sales as well as funding markets at Savills.
A two-storey business shophouse with attic, situated at the joint of Neil Road and also Craig Road, is up for sale through expression of interest (EOI) at a guide cost of $12 million, or $3,445 psf. Savills has actually been designated as the single marketing agent.