Claremont Hotel For Sale S$90M FREEHOLD (apply for change of use to MEDICAL SUITES)
December 19, 2019
SGD1034087
RareOpportunity tobuya Freehold Hotel in a Prime Location.
The Claremont isstepsaway from Farrer Park MRT Station, Mustafa Centreand CitySquare Mall.
The Claremont hotel is located on Serangoon Road in Little India, Singapore. The price for theeight-storey, 90 room freehold hotel isS$90 million.
The Claremont ison 4,838 sq ft of land and hasabuilt-up areaof about 30,591sq ft. Thesite is zoned for hotel use with a 3.0 plot ratio (ratioof gross floorarea to land area) under the Urban Redevelopment Authority's Master Plan 2014.
In2014, the 328-room Hotel Grand Chancellor in BeliliosRoad was transacted at S$248 million orabout S$756,100 perroom. The hotel wason asite with about 92 years' balance leaseat the time.