Commercial shophouse along Ann Siang Road for sale at $12.38 mil
By Nicholas Lam
/ EdgeProp Singapore |
The 999-year leasehold property occupies a plot spanning about 1,302 sq ft with an estimated gross floor area of 2,476 sq ft.
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A two-storey commercial shophouse at 15 Ann Siang Road has been put up for sale through an expression of interest (EOI) by Savills Singapore.
The 999-year leasehold property occupies a plot spanning about 1,302 sq ft with an estimated gross floor area of 2,476 sq ft. With a guide price of $12.38 million, this translates to $5,000 psf based on floor area.
Latest commercial transactions along Ann Siang Road, tabulated by EP Buddy. (Source: URA, EdgeProp Singapore)
Zoned for commercial use, the ground floor unit is currently tenanted to a F&B outlet while the upper floor is largely unused. According to Savills, the tenancy agreement for the ground floor unit will expire soon, providing potential buyers an opportunity to exercise a rent review.
The shophouse is 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.
Foreigner buyers and corporate entities can purchase the property without incurring additional buyer’s stamp duty.
“This is a truly exceptional opportunity for buyers to own this prized asset in an exciting district with a very palatable quantum,” says Yap Hui Yee, executive director of investment sales and capital markets at Savills Singapore. She adds, “it presents a great option for owner-occupiers such as family offices looking to acquire commercial property to use as their own office premise or investors looking to purchase property with a stable rental income stream.”
The EOI exercise for 15 Ann Siang Road will close on Oct 30.
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