A rare opportunity has emerged in the heart of the city: a two-storey conservation shophouse is now available for sale. Located on the vibrant Craig Road, this property stands as a testament to the rich architectural heritage of Singapore. Priced at $10.25 million, it presents an intriguing prospect for both investors and those seeking a unique space to establish a business or residence in a prime location.
The shophouse boasts a distinctive façade that reflects the traditional Peranakan style, characterized by intricate tile work and ornate window frames. Its historical significance is underscored by its conservation status, which ensures that its architectural integrity is preserved. This feature not only adds aesthetic value but also enhances the potential for appreciation over time. The property spans approximately 2,000 square feet, offering ample space for various commercial or residential configurations.
Inside, the layout is both functional and flexible. The ground floor is designed for commercial use, making it an ideal spot for retail, dining, or service-oriented businesses. Large windows invite natural light, creating a welcoming atmosphere for customers. The high ceilings and spacious interiors of the ground floor provide a sense of openness, allowing for creative design and layout options.
The upper level, accessible via a beautifully crafted staircase, can be transformed into office space, a private residence, or additional commercial use, depending on the owner’s vision.
The property is strategically situated in a bustling area that attracts both local and international clientele. Craig Road is known for its eclectic mix of businesses, from trendy cafes and restaurants to boutique shops and art galleries. This vibrant environment contributes to high foot traffic, making it an attractive location for entrepreneurs looking to capitalize on the urban lifestyle trend.
Furthermore, the proximity to major transport links and amenities enhances its appeal, ensuring convenience for both customers and residents.
Investors will appreciate the potential for rental income, given the growing demand for commercial spaces in the area. The conservation shophouse is part of a broader trend that sees a resurgence in interest for heritage properties, as they offer a unique charm that new developments often lack. This distinctive characteristic can lead to higher occupancy rates and increased rental yields.
In addition to its commercial potential, the shophouse’s conservation status allows for a variety of uses, subject to the relevant approvals. This versatility ensures that the property can adapt to changing market demands.
With the ongoing urban development and revitalization of surrounding areas, the property is poised to benefit from future growth and investment in the neighborhood.
NEW CONDO LAUNCH: RIVER GREEN
River Green is an exciting new condo project featuring various modern amenities and spacious layouts.
Potential buyers can explore the River Green Floor Plan and consider the River Green Price, which offers competitive options for luxury living.
The River Green Launch Date is highly anticipated, and interested parties can access the River Green E-brochure for comprehensive project information.
Don’t miss the chance to view the RIVER GREEN ShowFlat & Get VVIP Discount. Register or contact 6100 8822 to book a showflat appointment.
News Source: Edgeprop
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