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Singapore, Singapore

Address & Contact Details

Country
Singapore
City
Singapore
Name
Choo Seng Wee
Email
choosengwee@gmail.com
Phone
+65-9826 5855
Mobile phone
+65-9826 5855

Description

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.

Shophouse Details:-
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

RARE FREEHOLD Hotel for Sale in the heart of Chinatown

Hotel For sale

SGD 158,000,000

  • Lot dimensions 12 sq ft
  • Reference ID 120
  • Floor area 35300 sq ft

Community features

  • Conservative building

Property features

  • Air Conditioning
  • Floor Trap
  • Water Point

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