Property Owner (Seller) Looking to Divest Investment
Description
Hotel Property for Sale - Exclusive Freehold Brand New 15 Rooms Boutique Hotel in Geylang ---------------------------------------------------------------------------------------------------- [Asking Selling Price of S$14 million, view to offer] [Currently under construction, estimated TOP April/May 2025. Mock up room available for viewing!] [Foreigners Welcome: As a commercial property, foreigners are eligible to purchase without incurring the Additional Buyer Stamp Duty (ABSD)] ---------------------------------------------------------------------------------------------------- Property Highlights: 1) Freehold Property: Secure ownership with no leasehold limitations, offering long-term value and security. 2) 15 loft rooms 3) Total Land Area: 1,273 sq. ft, Total Floor Area: 4,000 sq. ft. (inclusive of furniture lofts) 4) Rare permanent "Hotel" Zoning and URA Usage 5) 2 Storeys + New 4 Storeys Rear Extension: Potential for further growth and upgrades with the upcoming decommissioning of Paya Lebar Airbase. 6) Unique Japandi Themed Loft Rooms: 15 stylish, Japandi-inspired loft rooms designed to provide guests with a blend of modern comfort and serene, minimalist elegance. 7) Prime Location: Situated in Geylang, a vibrant area with high foot traffic, offering easy access to key landmarks and transport networks. 8) Ready for Immediate Operation: The sale price includes all construction, renovations, compliance costs, allowing for quick turnover and seamless business commencement. 9) Sale & Leaseback Option: For investors seeking immediate returns, the current owner, an experienced hotel operator, is open to a sale and leaseback arrangement. Eva Lau l R062169F l ERA Realty Network Pte Ltd