Singapore  Singapore

Sell a Business

Listing ID: 4201 Last Refreshed: 07/05/2019 Total Views: 9039

Premium Location - Freehold Hotel For Sale

Serangoon

Asking Price: S$80,000,000
Premium Location - Freehold Hotel For Sale
  • Premise Type N/A Premise Size 30591sqft
  • Monthly Rental N/A Rental Desposit N/A
  • Revenue N/A Cash Flow N/A
  • Gross Profit N/A Net Profit N/A
  • Stock N/A Liability N/A
  • Payable N/A Receivable N/A
  • FFE N/A Established 1990
  • Owner Role Full Time Staff N/A
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average
  • ***Not inlcude in the selling price
VIJI JAGADEESH JVKM CONSULTANTS PTE. LTD.
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Reason For Sale

Owner Retires

Description

Rare Opportunity to buy a

Freehold Hotel in a Prime Location.

The Proposed Freehold Hotel is steps away from Farrer Park MRT Station, Mustafa Centre and City Square Mall.

The  hotel is located on Serangoon Road in Little India, Singapore. 

The price for the eight-storey, 90 room freehold hotel is S$80 million.

The Hotel is on 4,838 sq ft of land and has a built-up area of about 30,591 sq ft. 

The site is zoned for hotel use with a 3.0 plot ratio (ratio of gross floor area to land area) under the Urban Redevelopment Authority's Master Plan 2014.


The Hotel has a superior location in addition to a better land tenure of FREEHOLD rarely found in Singapore these days.


Do not Miss the Rarest of Rare opportunity.




Business Operation

24/7
Business Hour
Hotel Industry
Background & Skills

Property Information

FREEHOLD
Lease Term
A 8 Storey Hotel with a Basement Level and a Shoplet on the Ground Floor. 90 Guest Rooms which consists of Single, double, triple/twin an family type guest rooms. Occupancy rate is approximately 75% .
Premises Details
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