With a gross floor area of approximately 9,100 sq ft, the boarding house has a total of 41 guestrooms located from the second to eighth floor. The ground floor houses a reception area and a housekeeping room.

 

Sitting on a piece of freehold land, the subject property is to be sold with vacant possession. Under the 2003 Master Plan, the site is zoned for “Residential/Institution” use.

 

Indicative price for the decade-old property is in the region of S$8.5 million.  

 

Ms Grace Ng, Colliers International’s Deputy Managing Director (Agency and Business Services) and Auctioneer, says, “Given that the tourism sector is thriving with an increasing number of visitors’ arrival into Singapore, demand for guest accommodation has spilled over from the city area to fringe areas such as Geylang and East Coast Road. Hence, it is now a timely opportunity for investors to acquire a boutique hotel/boarding house in these areas, particularly targeting at budget-conscious travelers who are looking for low-cost, no-frills lodging as an alternative to hotel stay.”