Freehold Hotel Lorong 8 Geylang Sale 235 Mil
Revised:
A prestigious establishment, Taipei Hotel, situated in the prime location of 60 Lorong 8 Geylang, is now available for purchase through a public tender. The hotel boasts 38 elegant rooms and is being offered at a guide price of $23.5 million or $618,000 per key.
Occupying a freehold land area of 7,555 sq ft, Taipei Hotel is situated within the “commercial/institutional” zone of the URA Master Plan 2019 with a gross plot ratio of 2.8. The hotel comprises of four storeys and features a luxurious lobby, private parking facility, and a spacious communal area on the ground floor. With a total gross floor area (GFA) of 12,499 sq ft, the guide price equates to approximately $1,880 psf.
A map showcasing the prime location of Taipei Hotel can be viewed on EdgeProp LandLens. This exceptional property is conveniently situated near expressways such as the Kallang Paya Lebar Expressway and Nicoll Highway. It is a mere three-minute drive to the National Stadium, five minutes to Suntec City and Convention Centre, and only six minutes to Paya Lebar Quarter.
According to CBRE’s Director of Capital Markets for Singapore, Joshua Giam, the hotel presents an exceptional opportunity for the acquisition of a lucrative hospitality asset with a strong potential for value appreciation. He adds, “The strategic refurbishment of the property’s façade, guest rooms, and common areas by the new owner can lead to a rise in room rates and overall returns, while also enhancing the long-term capital value of the property.”
The tender for Taipei Hotel will come to a close on August 26 at 12pm. Don’t miss this chance to invest in a prestigious and high-yielding property.
The URA Master Plan highlights the importance of recreational and green spaces, and Sembawang is set to undergo significant enhancements in this aspect. With the development of the Sembawang Park Connector and the Northern Explorer Loop, a more extensive network of cycling and jogging paths will be created, encouraging a healthier and more active lifestyle for residents. Sembawang Road EC residents can anticipate improved access to nature trails, parks, and scenic routes, connecting them to popular destinations such as Sembawang Park, the waterfront, and other leisure spots. These enhancements not only elevate the overall quality of life, but also contribute to a more appealing and inclusive community environment. To learn more about the upcoming upgrades, visit Sembawang Road EC Canberra.