A rare opportunity has arisen to acquire a freehold loft hotel, consisting of 15 rooms, at 739-1 Geylang Road in District 14. The property, with its newly constructed 4-storey rear extension, sits on a 1,273 sq ft plot and boasts an approved gross floor area (GFA) of up to 3,186 sq ft. Its notable ‘Hotel’ zoning and usage approval sets it apart, making it an exclusive choice for new conservation shophouses conversion in Singapore. This designation not only adds to the property’s long-term investment appeal, but also offers exceptional operational flexibility.
The hotel’s prime location, a mere 5-minute walk from Paya Lebar MRT station, provides unrivaled connectivity. As a dual-line station serving both the East-West and Circle lines, guests have seamless access to various parts of Singapore.
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The hotel, designed with a sophisticated Japandi theme, is currently undergoing construction and is expected to receive its Temporary Occupation Permit (TOP) in Q2 2025. The sale price is comprehensive, covering all construction and renovation costs, making the property move-in ready upon purchase. This makes it a perfect turnkey investment for those looking to venture into or expand their presence in the hospitality sector.
For investors, this property presents an attractive proposition as the current owner, an experienced hotel operator, is open to a sale and leaseback arrangement. This allows for immediate rental income and operational continuity. Senior Marketing Director of ERA Realty Network Pte. Ltd., Eva Lau, predicts that the hotel will appeal to owner-operators as they can take advantage of major renovations for a seamless start to operations.
The demand for hospitality assets in Singapore has been on the rise in recent times, with notable transactions such as LHN Group’s acquisition of Pasir Panjang Inn for $30 million, and an 8-storey hotel at 12 Lorong 12 Geylang listed for sale at $120 million. The market currently has Hotel JJH, a 25-room property at 747 North Bridge Road, on offer for $38 million. These developments highlight the strong demand for well-located, high-quality hospitality assets, which are regarded as one of the most coveted commercial shophouse usage classes in Singapore.
For more information on this rare opportunity, please contact Eva Lau at 92785688, Senior Marketing Director at ERA Realty Network Pte. Ltd. RELATED NEWS Village Hotel Sentosa: A Favorite Among Crowds Freehold Hotel in Chiang Mai Now Available for $24.3 Million Banyan Tree Records $31.7 Million Earnings for FY2023 and Declares 1.2 Cents Dividend.