Savills Singapore is inviting expressions of interest (EOI) for a two-storey commercial shophouse located at 15 Ann Siang Road. The 999-year leasehold property, which spans approximately 1,302 sq ft with a gross floor area of 2,476 sq ft, is being offered for sale at a guide price of $12.38 million, which works out to $5,000 psf based on its floor area.
According to EP Buddy’s research on the latest commercial transactions along Ann Siang Road, the shophouse has been zoned for commercial use. Currently, the ground floor is occupied by a F&B outlet while the upper floor is largely unused. However, the tenancy agreement for the ground floor unit is set to expire soon, providing potential buyers with an opportunity to review the rent.
What makes this property even more attractive is its prime location. It is within walking distance to 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. Furthermore, foreign buyers and corporate entities can purchase the property without incurring additional buyer’s stamp duty.
Yap Hui Yee, executive director of investment sales and capital markets at Savills Singapore, believes that this is an exceptional opportunity for buyers to acquire a highly coveted asset in a vibrant district at an affordable price. She notes that the property is an ideal choice for owner-occupiers, such as family offices looking to acquire commercial property for their own office space, or investors seeking a stable income stream from rental income.
The EOI exercise for 15 Ann Siang Road will close on Oct 30. With EP Buddy’s past commercial sale transactions, price trends, and listings for commercial properties, potential buyers can make informed decisions. The website also provides information on past commercial rental transactions and allows for a price comparison between commercial and industrial properties.