Claremont Hotel For Sale S$90M FREEHOLD (apply for change of use to MEDICAL SUITES)
December 19, 2019
SGD1034087
Rare Opportunity to buy a Freehold Hotel in a Prime Location.
>The Claremont is steps away from Farrer Park MRT Station, Mustafa Centre and City Square Mall.
>The Claremont hotel is located on Serangoon Road in Little India, Singapore. The price for the eight-storey, 90 room freehold hotel is S$90 million.
>The Claremont 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.
>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 was on a site with about 92 years' balance lease at the time.
