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 isstepsaway from Farrer Park MRT Station, MustafaCentre 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 isS$90 million.
The Claremont ison 4,838 sq ft of land and hasa built-up areaof about 30,591 sq ft. The site is zoned for hotel use with a 3.0 plot ratio (ratioof gross floor area to land area) under the Urban Redevelopment Authority'sMaster 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 asite with about 92 years' balance lease at the time.