Claremont Hotel For Sale S$90M FREEHOLD (apply for change of use to MEDICAL SUITES)
December 19, 2019
SGD1034087
RareOpportunity tobuy a Freehold Hotel in a Prime Location.
The Claremont issteps away from FarrerPark MRTStation, Mustafa Centre and City Square Mall.
The Claremont hotel is located on Serangoon Road in Little India, Singapore. Theprice fortheeight-storey, 90 room freehold hotel isS$90 million.
The Claremont ison 4,838 sq ftof land and has a built-up area of about 30,591 sq ft. Thesite is zoned for hotel use with a 3.0 plotratio (ratioof gross floor area to land area) underthe Urban Redevelopment Authority's MasterPlan 2014.
In2014, the 328-room Hotel Grand Chancellor in BeliliosRoad wastransacted atS$248 million or aboutS$756,100 perroom. The hotel wason a site with about 92 years' balance lease atthetime.