Hotel Marrison @ Desker, is at a superb location with dual frontage and opens to Desker Road and Kapor Road.
There are six adjacent 2-storey shophouses which have an attic included in the property.
There are several prime retail shops and F & B on the ground floor which are included together with the 25 room boutique hotel located at the second level.
The guide price is less than $30 million.
It enjoys a freehold status and covers total 6,664 sq ft land area and the existing structure has 12,270 sq ft floor area.
The property is advantageously located and enjoys great popularity among tourists as well as locals. There are several Indian restaurants and cyber cafes in the vicinity.
City Square Mall, Mustafa Centre the 24/7 mega departmental store are the integrated development Tekka Place is also nearby.
Also close to this property are New World Centre and Centrium Square.
The unstoppable action in this area makes this boutique hotel attractive and easy to manage.
The recent collective sale at Min Yuan apartments on the 5 September 2019 saw land prices soaring above $2,600 per sq foot per plot ratio, which makes Hotel Marrison a good buy as the selling price is now below land replacement value.
Moreover, this area is now restricted to further hotel developments which will mean less competition for hotel owners in this area.
Singapore will continue to enjoy increased tourist numbers due to the recent turmoil in Hong Kong, F1 Formula, conventions and many companies seek to explore Singapore as the headquarter for their businesses.
Indeed the visionaries will be rewarded when they continue to invest in Singapore and Singapore will continue to shine for many more years to come as population continues to increase.
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