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 issteps away from Farrer Park MRT Station, Mustafa Centre and City Square Mall.
The Claremont hotel islocated on Serangoon Road in Little India, Singapore. The price for the eight-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. The site is zoned for hotel use with a 3.0 plot ratio (ratioof gross floor area toland area) under the Urban Redevelopment Authority's Master Plan 2014.
In2014, the 328-room HotelGrand 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.