Conservation Shophouse — Craig Road

47 Craig Road, Singapore 089685

Price

S$28,500,000

PSF

S$4,750

Net Yield

3.2%

Cap Rate

3.8%

Executive Summary

A beautifully conserved three-storey shophouse in the heart of Tanjong Pagar's dining precinct. Fully leased to F&B operators with strong covenant strength. Conservation status provides development restriction but also scarcity value — no new shophouses can be built.

Investment Highlights

Conservation status — irreplaceable asset
100% occupied by established F&B tenants
Craig Road — prime dining destination
3-minute walk to Tanjong Pagar MRT

Asset Specifications

Three storeys + attic

Original facade preserved

Modern kitchen infrastructure

Outdoor dining allowance (URA approved)

Rarely available freehold tenure

Financial Summary

Asking PriceS$28,500,000

Price per sqftS$4,750

Net Lettable Area6,000 sqft (557 sqm)

Gross Yield3.2%

Capitalisation Rate3.8%

Occupancy Rate100%

WALE3.5 years

Year Built1920

Last Refurbished2019

Location

Map — 1.278, 103.842

Tanjong Pagar (EW15)Maxwell (TE18)

Exclusive Mandate

Direct representation by Murivest

Total Area

6,000 sqft

Documents

Mandated Advisor

Victoria Chen

singapore@murivest.com

+65 6123 4568

Arrange Private Viewing Request Full Details

All information is confidential and provided for qualified investors only. Past performance is not indicative of future returns. All figures are indicative and subject to final due diligence. Murivest Realty Pte Ltd — Licensed Real Estate Agency.