3-storey shophouse at 4 Craig Road up for sale via EOI

The property has a guide price of $3,200 per sq ft.

CBRE announced the sale of a 3-storey conservation shophouse with a mezzanine at 4 Craig Road via expression of interest (EOI).

The property is located in District 2 of the Central Business District (CBD) within the Tanjong Pagar Conservation Area. It spans approximately 1,654 sq ft in land area and has a total floor area of approximately 4,000 sq ft.

It enjoys proximity to multiple MRT stations and major expressways such as Ayer-Rajah Expressway (AYE), Central Expressway (CTE), and Marina Coastal Expressway (MCE) It is also near the Tanjong Pagar Centre and numerous hotels.

The shophouse is fully leased with the ground floor leased to a Korean BBQ operator while the upper floors are used as offices.

The property has a guide price of $15.68m or $3,200 per sq ft on its total floor area. Foreign buyers are eligible for purchase and no Additional Buyer's Stamp Duty (ABSD) or Seller's Stamp Duty (SSD) will apply to the transaction.

The EOI ends on Wednesday, 17 April 2024, at 3 pm.

CBRE is the sole agent for this property sale.

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