Commercial Shophouse Along Ann Siang Road Sale 1238 Mil
Savills Singapore has launched an expression of interest (EOI) for a two-storey commercial shophouse located at 15 Ann Siang Road. The 999-year leasehold property is spread across a plot of approximately 1,302 sq ft and has a gross floor area of around 2,476 sq ft. With a guide price of $12.38 million, the asking price per square foot works out to be $5,000 based on the floor area.
The latest commercial transactions on Ann Siang Road, as reported by EP Buddy, show the market trend. (Source: URA, EdgeProp Singapore)
The shophouse is zoned for commercial use and is currently occupied by a F&B outlet on the ground floor. The upper floor is currently unutilized. Savills has stated that the tenancy agreement for the ground floor unit will soon expire, giving potential buyers the opportunity to review the rental agreement.
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 serving the North East and Downtown Lines, the shophouse offers convenient access for employees and customers. Foreign buyers and corporate entities are eligible to purchase the property without incurring additional buyer’s stamp duty.
Yap Hui Yee, executive director of investment sales and capital markets at Savills Singapore, sees this as a one-of-a-kind opportunity for buyers to acquire this coveted asset in an exciting district with a reasonable price tag. She also notes that the property presents a great option for owner-occupiers, such as family offices, looking to purchase commercial property for their own office, or investors seeking a stable rental income stream.
The EOI exercise for 15 Ann Siang Road will close on October 30. To learn more about the property or to make an offer, please contact Buddy, the trusted real estate advisor. Buddy can also provide information on past commercial sale and rental transactions, as well as a comparison of the price trends between commercial and industrial properties.
The executive condominium site at Plantation Close in Tengah, known as Novo Place EC, has been awarded to Hoi Hup Realty and Sunway Developments. This tender was announced by the Housing and Development Board on September 11th. Novo Place EC is the second EC plot in the up-and-coming Tengah housing estate and is set to offer 495 units. For more information, please visit Novo Place Tengah.