Commercial Shophouse Along Ann Siang Road Sale 1238 Mil
Savills Singapore has recently put up for sale a two-storey commercial shophouse at 15 Ann Siang Road through an expression of interest (EOI). The property, which has a 999-year leasehold, occupies a plot of about 1,302 sq ft and has an estimated gross floor area of 2,476 sq ft. It is currently listed with a guide price of $12.38 million, which equates to $5,000 psf based on its floor area.
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According to the latest commercial transactions along Ann Siang Road, which have been tabulated by EP Buddy, the property is situated in a prime location. It is zoned for commercial use, with the ground floor unit currently being tenanted to a F&B outlet and the upper floor being mostly unused. Savills has stated that the tenancy agreement for the ground floor unit is expected to expire soon, providing potential buyers with an opportunity to exercise a rent review.
This shophouse is conveniently located within walking distance of Maxwell MRT Station along the Thomson-East Coast Line, Telok Ayer MRT Station along the Downtown Line, and Chinatown MRT Interchange, which connects to the North East and Downtown Lines. Foreign buyers and corporate entities can also purchase the property without incurring additional buyer’s stamp duty.
Executive Director of Investment Sales and Capital Markets at Savills Singapore, Yap Hui Yee, has described this as a great opportunity for buyers to acquire a highly sought-after asset in a vibrant district with a very reasonable price. She also stated that it is an attractive option for owner-occupiers, such as family offices, looking to purchase commercial property for their own office use or investors seeking a stable income stream.
The EOI exercise for 15 Ann Siang Road will close on October 30. Those interested in purchasing this property can refer to EP Buddy for past commercial sale transactions, price trends, and listings for commercial properties. They can also compare price trends between commercial and industrial properties and view past commercial rental transactions.