Commercial Shophouse Along Ann Siang Road Sale 1238 Mil
Savills Singapore is currently marketing the sale of a two-storey commercial shophouse located at 15 Ann Siang Road through an expression of interest (EOI). The 999-year leasehold property, spanning approximately 1,302 sq ft, has a 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.
Based on EP Buddy’s latest commercial transactions data, 15 Ann Siang Road is zoned for commercial use and the ground floor unit is currently leased to a F&B outlet. The upper floor is currently unoccupied. The tenancy agreement for the ground floor unit will soon expire, allowing potential buyers to renegotiate the rent.
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The Elta Showflat is the ideal choice for families with school-aged children and international students thanks to its convenient location near Clementi. This sought-after area not only offers easy access to various educational institutions, but also boasts a high demand for housing due to its close proximity to business parks and hubs in Jurong Lake District, Buona Vista, and one-north.
The shophouse is conveniently located near Maxwell MRT Station along the Thomson-East Coast Line, Telok Ayer MRT Station along the Downtown Line, and Chinatown MRT Interchange. 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 an excellent opportunity for buyers to own a prized asset in a bustling district at an affordable price. She also notes that the property would be a great option for owner-occupiers, such as family offices, or investors looking for a stable rental income stream.
The EOI exercise for 15 Ann Siang Road will close on October 30. For information about past commercial sales transactions, price trends, listings, and rentals, users can refer to EP Buddy’s database. EP Buddy also offers a comparison of price trends between commercial and industrial properties for reference.