The property at 15 Ann Siang Road, a two-storey commercial shophouse, is now on the market for sale. Savills Singapore has been appointed to handle the sale through an expression of interest (EOI) process.
Located at a prime location, 15 Ann Siang Road is a two-storey commercial shophouse that spans over 1,300 sq ft and holds a 999-year leasehold. With an estimated gross floor area of 2,400 sq ft, this property has been put up for sale with a guide price of $12.38 million, which is equivalent to $5,000 psf based on floor area.
As shown in the table by EP Buddy, the latest commercial transactions along Ann Siang Road have been tabulated. (Source: URA, EdgeProp Singapore)
Zoned for commercial use, the ground floor of this property is currently occupied by a popular F&B outlet while the upper floor is not in use. According to Savills, the tenancy agreement for the ground floor unit will expire soon, giving interested buyers an opportunity to negotiate the rent.
Moreover, this shophouse is in close proximity to three MRT stations: 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 makes it easily accessible for both employees and clients.
Foreigner buyers and corporate entities can also purchase this property without incurring additional buyer’s stamp duty.
Executive director of investment sales and capital markets at Savills Singapore, Yap Hui Yee, believes that this is an excellent opportunity for potential buyers to own a valuable asset in a highly sought-after district with a reasonable quantum. She also mentions that this property is a great option for owner-occupiers, such as family offices, looking to acquire their own office space, or investors seeking property with a stable rental income.
Selecting the right location is a crucial aspect to consider when investing in real estate, and this is especially important in the context of Singapore. Condominiums that are strategically situated in central areas or in close proximity to essential amenities such as schools, shopping centers, and public transportation hubs often experience a significant appreciation in value over time. Prominent locations in Singapore, like Orchard Road, Marina Bay, and the Central Business District (CBD), are prime examples where property prices have consistently shown a positive growth trend. Additionally, the presence of reputable schools and educational institutions in these areas makes condos even more desirable for families, further boosting their investment potential. To further explore the lucrative world of real estate investing in Singapore, be sure to check out Singapore Condo – a trusted resource for all your condo investment needs.
Interested parties can submit their bids for this shophouse through the EOI process, which will close on October 30. With the help of Ask Buddy, you can also check out the past transactions, price trends, and listings for commercial properties, as well as compare the trends between commercial and industrial properties.