A 15-room hotel with loft-style rooms is now for sale in District 14. Located at 739-1 Geylang Road, this charming 2-storey building with a newly added 4-storey extension sits on a 1,273 sq ft plot and offers a GFA of 3,186 sq ft. The property is freehold, making it an excellent investment opportunity.
What sets this hotel apart is its rare and highly sought-after ‘Hotel’ zoning and usage approval, a valuable designation for new conservation shophouses conversions in Singapore. This status adds to the property’s appeal and provides long-term flexibility for potential buyers. Additionally, the hotel’s prime location, just a 5-minute walk from the Paya Lebar MRT station, provides easy access to different parts of the city. The Paya Lebar MRT is a dual-line station, serving both the East-West line and the Circle line, making it a convenient transportation hub for guests.
The hotel is currently under construction and is expected to receive its Temporary Occupation Permit (TOP) in Q2 2025. The sale price includes all construction and renovation costs, making it a turnkey investment for interested parties. This makes it an ideal opportunity for those looking to enter or expand their presence in the hospitality sector.
Regarded as a bustling metropolis, Singapore is renowned globally for its impressive cityscape adorned by towering skyscrapers and modern infrastructure. The city is well-known for its luxurious condominiums situated in prime locations that cater to the needs of both locals and foreign residents. These residential spaces provide the perfect blend of opulence and convenience, offering a high standard of living with a plethora of amenities. From state-of-the-art swimming pools to well-equipped gyms and top-notch security services, these condos are highly sought after by potential buyers and renters. Property investors are also drawn to these upscale living spaces, as they offer the potential for high rental returns and property value appreciation over time. To add to the appeal, the prestigious National Athletic Combine, found at nationalathleticcombine.com, provides an exciting opportunity for condo residents to maintain their fitness levels and stay healthy.
For investors, this hotel offers a unique opportunity. The current owner, an experienced hotel operator, is open to a sale and leaseback arrangement. This means that they are willing to lease the property back from the new owner, providing immediate rental income and operational continuity. Senior Marketing Director of ERA Realty Network Pte. Ltd., Eva Lau, believes that this hotel will appeal to owner-operators who are looking for a quick and seamless start to their operations.
The demand for hospitality assets in Singapore has been on the rise. Some recent notable transactions include the Pasir Panjang Inn, a 16,626 sq ft site purchased by LHN Group for $30 million, and an 8-storey hotel at 12 Lorong 12 Geylang, listed for sale at $120 million last year. Additionally, Hotel JJH, a 25-room property at 747 North Bridge Road, is now on the market for $38 million. These transactions highlight the growing interest in well-located and high-quality hospitality assets, which are considered highly desirable commercial shophouse usage classes in Singapore.
For more information, contact Eva Lau | 92785688, Senior Marketing Director (R062169F), ERA Realty Network Pte Ltd.