Retail Land for Sale, Porcelain Hotel 48 Mosque Street 059526

Property for Sale

138-key boutique hotel located in the heart of Chinatown, Singapore

Highlights

Rare opportunity for an investor to acquire a row of 12 contiguous conservation shophouses in Chinatown - one of the top tourist destination in Singapore
Rare permanent "Hotel" approval
5-mins walk to Chinatown MRT station, 10-mins walk to CBD
Rare operating asset with proven cashflows
Flexibility of sale with vacant possession or sale and leaseback with gross yield of 3.65% for 4 years
Flexibility for ground floor to be converted to higher value uses such as F&B or retail 1
Potential to convert upper floors to office, serviced apartments and co-living 1
Singapore remains as an attractive and highly sought-after destination amongst investors due to its strong fundamentals and stable market conditions. New hotel room supply in Singapore is expected to be limited in next 2 years
Full commercial zoning. Foreigners / Companies eligible to purchase
No Additional Buyer’s Stamp Duty & Seller’s Stamp Duty

Overview

CBRE, as the exclusive marketing agent, is pleased to present for sale The Porcelain Hotel, a beautiful boutique hotel located in the heart of Singapore’s bustling Chinatown. Housed in a row of 12 adjoining conservation shophouses at 46 to 50 Mosque Street, The Porcelain Hotel enjoys over 55-metre wide road frontage. Spanning four storeys, The Porcelain Hotel offers 138 rooms with majority of the room sizes ranging from 8 to 16 sqm and a selection of larger units up to 42 sqm.

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