An expression of interest (EOI) has been launched by Savills Singapore for a two-storey commercial shophouse at 15 Ann Siang Road. The property, which holds a 999-year leasehold, is situated on a plot of approximately 1,302 sq ft and boasts an estimated gross floor area of 2,476 sq ft. It is currently on the market for $12.38 million, which equates to $5,000 psf based on floor area.
Recent commercial transactions along Ann Siang Road, compiled by EP Buddy, show the notable properties in the area. (Source: URA, EdgeProp Singapore)
Designated for commercial use, the ground floor of the shophouse is presently rented out to a food and beverage outlet, while the upper floor remains mostly unused. According to Savills, the lease agreement for the ground floor unit is set to end shortly, giving potential buyers the chance to negotiate a rent review.
The shophouse is conveniently located within walking distance of three MRT stations: Maxwell MRT Station on the Thomson-East Coast Line, Telok Ayer MRT Station on the Downtown Line, and Chinatown MRT Interchange, serving the North East and Downtown Lines. Foreign buyers and corporate entities are eligible to purchase this property without incurring additional buyer’s stamp duty.
Executive Director of Investment Sales and Capital Markets at Savills Singapore, Yap Hui Yee, praises this opportunity for buyers to acquire this prestigious asset in a thriving district at a reasonable price point. She states, “it presents a great option for owner-occupiers such as family offices looking to acquire commercial property to use as their own office premise or investors looking to purchase property with a stable rental income stream.”
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The EOI for 15 Ann Siang Road will come to a close on October 30. Ask BuddyPast listings for commercial property sales, rental transactions, and price trends are available for comparison with industrial properties.