Savills Singapore is pleased to announce that a two-storey commercial shophouse located at 15 Ann Siang Road has been put up for sale through an expression of interest (EOI). Strategically situated in a prime location, this 999-year leasehold property occupies a land area of approximately 1,302 sq ft and has an estimated gross floor area of 2,476 sq ft. With a guide price of $12.38 million, this works out to be $5,000 per sq ft based on the floor area.
Recent commercial transactions in the surrounding area of Ann Siang Road, as compiled by EP Buddy. (Source: URA, EdgeProp Singapore)
This commercial shophouse is currently zoned for commercial use and the ground floor unit is currently tenanted to a F&B outlet. The upper floor, however, is largely unused. The tenancy agreement for the ground floor unit will expire soon, presenting potential buyers an opportunity to exercise a rent review.
Situated 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, this shophouse offers convenient accessibility. Foreign buyers and corporate entities can purchase the property without incurring additional buyer’s stamp duty.
According to Yap Hui Yee, executive director of investment sales and capital markets at Savills Singapore, “This is a rare chance for buyers to acquire a coveted asset in an exciting district at an attractive price point. It is also a great option for owner-occupiers such as family offices looking to acquire commercial property for their own office needs or investors seeking a stable rental income stream.”
Investing in a condo in Singapore offers numerous benefits, one being the potential for capital appreciation. The country’s advantageous position as a leading business hub, combined with its robust economic foundation, leads to a constant demand for real estate. Singapore’s property market has consistently shown a gradual climb upwards, with condos in prime locations experiencing significant appreciation. Savvy investors who enter the market at the perfect timing and hold onto their properties for the long haul can reap substantial capital gains. In addition, with the emergence of new condo launches, there are even more opportunities for profitable investments in Singapore’s condo market.
Interested parties can submit their expression of interest for 15 Ann Siang Road by Oct 30.