New Listing@ Excelsior Hotel
Property Highlights
* Prime city-centre commercial unit at Excelsior Hotel @ 5 Coleman Street
* 2 adjoining units
* Approx. 4,402 sqft
* Asking price: $9.68 million (Approx. $2,199 psf)
* Renovated condition
* High tenancy
* Rare nightclub licence
* GST applicable
* View anytime by appointment
Investment Highlights
* Rare opportunity to own a sizeable commercial unit in the City Hall / Clarke Quay area
* Spacious floor plate suitable for nightlife, entertainment, lounge, club, bar or event space, subject to approvals
* Existing tenancy provides immediate rental income
* Rare nightlife-approved premises with long operating hours
* Nightclub licences in prime central locations are increasingly difficult to obtain
* Strong scarcity value for both investors and future owner-operators
* Located within Excelsior Hotel at 5 Coleman Street
* Short walk to City Hall MRT
* Excellent connectivity to CBD, Clarke Quay, Raffles Place, Marina Bay, Bugis and Orchard
* Surrounded by hotels, offices, malls, F&B outlets, entertainment venues and tourist attractions
* Nearby landmarks include Funan, Raffles City, Capitol Singapore, Fort Canning, National Gallery Singapore and Clarke Quay
* Strong catchment from office crowd, tourists, hotel guests and nightlife patrons
Suitable For
* Investors looking for a tenanted commercial asset
* Nightlife operators
* Club, lounge or bar operators
* Entertainment or event space users
* Future owner-occupiers seeking a rare licensed premises in a prime city location
Viewing available anytime by appointment
Disclaimer: Photos are for illustration purposes only and are artist’s impressions. They are not actual images of the property. Actual condition may vary and viewing is recommended.
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