RARE FREEHOLD Hotel for Sale in the heart of Chinatown
Strategically located in the heart of Chinatown, which is a local and tourist attraction, the property bustles with commuter traffic. The property will benefit from the prominent frontages onto Smith Street, Trengganu Street and Temple Street, Prominent developments in the vicinity include People's Park Complex, People's Park Centre, OG Building, Chinatown Point, Chinatown Complex, Lucky Chinatown and Sri Mariamman Temple.
The Chinatown MRT Station is only 3 minutes' walk away and Raffles Place is only 5 minutes' drive from the subject property. It has easy access to the other parts of the island via New Bridge Road, Ayer Rajah Expressway and Central Expressway.
The site is zoned for "Commercial" use and is within Kreta Ayer (Chinatown) Conservation Area. The existing building consists of 3-storey restored conservation shophouses. The building is currently tenanted and used as single premises on a per floor basis and includes a 80-room hotel. The site is of regular shape at road level with a generally flat contour.
Tenure: Estate in Fee Simple (FREEHOLD)
Land Area: Approximately 12,250 sqft
GFA: Approximately 35,300 sqft
Total of 80 rooms, 7 retail shops and M&E service areas at basement
Approx. Tenancy: $293,000/mth (Owner to review tenancy details if the offer is right)
Asking Price: $158 million
Hotel For sale
Singapore Industrial and Commercial Property For Sale and For Lease