Tenure: 99 years leasehold from 1952
GFA approximate: 3900 sq ft
Price: $6.7 million
A hostel at Arab Street Singapore has been put up for sale.
This attractive property is off beach road, in tourist hot spot Kampong Glam and is great for hostel real estate portfolio.
It comes with rare permanent approval for F& B on the ground floor and many hostels owners looking to expand into this area as there are throngs of tourists every day.
It is listed in the Visit Singapore website with recommendations to tourists as a different shopping haven than air conditioning malls.
One can find unusual stuffs here with beautiful and exotic arts and crafts, trinkets, aromatic oils and fragrances, carpets and many varied kinds of fabric that will thrill and bring tourists back to old days as they walk through five foot ways, alleys, boutiques and cafes.
Many are amazed that modern Singapore will preserve such a culture to the delight of many tourists.
The leasehold property can be topped up afresh to 99 years leasehold and investor will continue to enjoy high rental passive income for many years to come.
Check it out today!