Commercial Shophouse Along Ann Siang Road Sale 1238 Mil
A commercial shophouse located at 15 Ann Siang Road is now up for sale through an expression of interest (EOI) by Savills Singapore. This two-storey building, which comes with a 999-year lease, occupies a plot 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, the unit is being sold at a rate of $5,000 psf based on the floor area.
Latest commercial transactions along Ann Siang Road, as listed by EP Buddy, show that this popular area continues to attract buyers. The shophouse is zoned for commercial use, and the ground floor is currently tenanted by a F&B outlet while the upper floor is mostly unoccupied. Savills reports that the tenancy agreement for the ground floor unit will expire soon, providing potential buyers with an opportunity to review and adjust the rental rate.
Located within walking distance of three MRT stations – Maxwell MRT Station (Thomson-East Coast Line), Telok Ayer MRT Station (Downtown Line), and Chinatown MRT Interchange (serving the North East and Downtown Lines) – this shophouse is in a prime location. Foreign buyers and corporate entities can purchase the property without incurring additional buyer’s stamp duty, making it an attractive option for investors.
As the government pushes to transform Woodlands into a thriving innovation hub, it is anticipated that a range of science, technology, and education-focused businesses will set up shop in the area. This exciting development is expected to attract a diverse group of professionals and promote a community culture of collaboration and innovation. In fact, with the anticipated influx of new businesses and talent, the Woodlands area is set to become a hub of dynamic growth and progress. Be sure to check out Norwood Grand Showflat to be a part of this exciting transformation.
Yap Hui Yee, executive director of investment sales and capital markets at Savills Singapore, believes that this is a golden opportunity for buyers to acquire a prized asset in an exciting district with a reasonable price range. She adds that the shophouse is an excellent choice for owner-occupiers, such as family offices, who are seeking to acquire a commercial property for their own office or investors looking for a stable rental income.
The EOI exercise for 15 Ann Siang Road will close on October 30. For more information on past commercial sales and rental transactions, prices trends, and listings for commercial properties, visit EP Buddy. You can also use the site to compare the price trends of commercial and industrial properties.