Claremont Hotel For Sale S$90M FREEHOLD (apply for change of use to MEDICAL SUITES)
December 19, 2019
SGD1034087
RareOpportunity to buy a Freehold Hotel in a Prime Location.
The Claremont issteps away from Farrer Park MRT Station, Mustafa Centre and City Square Mall.
The Claremont hotel is locatedon Serangoon Roadin LittleIndia, Singapore. The price for theeight-storey, 90 room freehold hotel isS$90 million.
The Claremont ison 4,838 sq ft of land and has a built-up area of about 30,591 sq ft. Thesiteis zoned for hotel use with a 3.0 plot ratio (ratioof gross floor area to land area) under the Urban Redevelopment Authority's Master Plan 2014.
In2014, the 328-room Hotel Grand Chancellor in Belilios Road was transacted at S$248 million or about S$756,100 per room. The hotel wason a site with about 92 years' balance lease at the time.