Boutique Hotel in Little India Singapore Launched for Sale
The Rare 999-yr Leasehold Hotel Property is Up for Grab Now
A boutique hotel in Little India has been put up for sale for less than S$50 million.
It is well managed, well maintained by a reputable hospitality operator.
This hidden gem with more than 80 rooms and a ground floor cafe is strategically located in a popular tourist spot, surrounded by many Internet cafes, restaurants and vibrant shops.
Within a short walking distance from Jalan Besar MRT station and near a 24-hr mega mall, it enjoys high occupancy all year round and is fully leased at more than 3% yield.
Under the URA Master plan 2014, the property falls under the Rochor planning area, which is Singapore’s budding art, culture district.
The precinct is fast developing into a renowned education and learning centre, also underwent rejuvenation, with the redevelopment of the former Verge mall into an integrated mixed-use building with retail shops and serviced apartments.
The New Tekka Mall will be ready in Q4 this year.