Located in the heart of a renowned Growth Corridor
Strong Capital and Rental Upside
No Restriction on Foreign Ownership
No ABSD / SSD payable
An iconic 88-room boutique hotel housed in a row adjoining two-storey conservation shophouses.
Key Investment Highlights:
1. Trophy Asset
Boutique hotels are tightly held in Bugis and are highly sought after by astute investors.
2. Flourishing Hospitality Investment Market
Interest in the hospitality investment market has remained robust as Singapore continues to be favoured as a gateway city equipped with strong and resilient market fundamentals.
3. Potential Change of Use
Property is currently approved for Hotel use. There is flexibility for the asset to be converted to alternative uses such as F&B, Retail, Offices, Co-working, Serviced Apartments and Co-living.
4. No Restriction on Foreign Ownership
Asset is zoned "Commercial" in the 2019 Master Plan. Subject Property will not be subject to Additional Buyer Stamp Duty (ABSD) and Seller Stamp Duty (SSD). There will also be no restrictions on foreign ownership.
1. Prominent Location
Located in the Central Planning Region of Singapore, the Property enjoys excellent accessibility to other parts of Singapore via major arterial roads and expressways i.e. Beach Road, Victoria Street, Kallang Road, Nicoll Highway and the Kallang-Paya Lebar Expressway (KPE).
The Property is also a short 4 min walk to Nicoll Highway MRT Station, and 10 mins walk to Bugis MRT Interchange.
The CBD is a short 10 mins drive away.
2. Ophir-Rochor Growth Corridor
Envisaged by the URA as a vibrant mixed-use cluster in the 2008 Master Plan, the Ophir-Rochor Corridor has matured into a vibrant work-live-play hot spot with the completion of iconic projects such as South Beach and DUO.
The new owner is set to benefit from potential capital and rental upsides in the medium to long term from the continued rejuvenation of the area.