Pair of Commercial Shophouse @ Craig Road

– A pair of 2.5 Storey Conservation Shophouse

– Master Plan Zoning: Commercial

– District 2 (Tanjong Pagar)

– Land Area: 3,115 sqft

– Estimated Built-up Area: 6,860 sqft

– Asking $35,000,000
– Tenanted at $56,000

【 Other Details 】

Location:

• Nestled along Craig Road, Tanjong Pagar, Singapore
• 50m away from Outram Park MRT station entrance

Key Highlights:

• Foreign Investors are eligible to buy
• Transformation: Transformed from a residential zone into a vibrant commercial street after Singapore’s independence in 1965.
• Commercial Hub: Now hosts trendy cafes, restaurants, and businesses, symbolizing the area’s dynamic evolution.
• Development Potential: Poised for further transformation with the completion of the Great Southern Waterfront project planned by the Urban Redevelopment Authority (URA).

Historical Significance:

• Naming Origins: Named after Captain James Craig, an officer in the Merchant Service Guild and member of the Freemason Zetland Lodge.
• Early History: Originally part of a nutmeg plantation owned by William Montgomerie, a medical doctor. Following Montgomerie’s death in 1856, the houses along Craig Road were auctioned to Ker, Rawson & Co.

Architectural Features:

• Design Philosophy: Harmonizes historic architecture with a contemporary aesthetic, preserving the gritty essence of its past while incorporating modern luxury.
• Interior Elements: Features raw, exposed materials with finished ceiling volumes that conceal ambient lighting, enhancing structural beams. Walls of unfinished brick and screed contrast with high-end ivory travertine in the pantry and bathroom areas.

Don’t miss this opportunity to own a piece of Singapore’s architectural and cultural heritage. Contact us today for more information and to schedule a viewing!