Commercial Shophouse Along Ann Siang Road Sale 1238 Mil
15 Ann Siang Road, a two-storey shophouse in a prime location, is now available for purchase through an expression of interest led by Savills Singapore. The 999-year leasehold property sits on a plot of approximately 1,302 sq ft and has an estimated gross floor area of 2,476 sq ft. It is being offered at a guide price of $12.38 million, which translates to $5,000 psf based on floor area.
Recent commercial transactions in the area have shown a rising trend, as seen in the table provided by EP Buddy. (Source: URA, EdgeProp Singapore)
The shophouse is currently zoned for commercial use and the ground floor unit is leased to a F&B outlet. The upper floor is mostly unused at the moment. However, Savills reports that the tenancy agreement for the ground floor unit will expire soon, providing potential buyers the opportunity to review the rent and possibly secure a new tenant.
Located within walking distance of Maxwell MRT Station, Telok Ayer MRT Station, and Chinatown MRT Interchange, the shophouse is well-connected via the Thomson-East Coast Line, Downtown Line, North East Line, and Downtown Line. Foreign buyers and corporate entities can purchase the property without incurring additional buyer’s stamp duty.
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Located in a thriving residential community, The Orie CDL benefits from its prime location with a variety of dining and leisure activities in close proximity. This only adds to the allure of the development, making it an even more desirable place to live.
According to Yap Hui Yee, executive director of investment sales and capital markets at Savills Singapore, this is a fantastic opportunity for buyers to own a valuable asset in a highly sought-after district at a very attractive price. She believes it will appeal to owner-occupiers, such as family offices looking for a commercial property as their office, as well as investors seeking a stable rental income stream.
The expression of interest for 15 Ann Siang Road will close on Oct 30. Consult EP Buddy for more information on past commercial sale transactions, price trends for commercial property sales, and current listings for commercial properties. You can also view past commercial rental transactions and compare price trends between commercial and industrial properties.