The subject property is a 4-storey boarding house known as “Deluxe Hotel” comprising 27 rooms located within the gentrifying Geylang District. The vibrant locality includes an eclectic mix of famous eateries, bars and night markets, amongst other popular commercial activities.
Key Highlights:
+ Freehold tenure
+ Prime location at the city fringe – within 5 minutes’ drive to Suntec Convention Centre and the Central Business District (CBD).
+ Bustling neighbourhood with a whole host of amenities – within walking distance to famous local eateries and restaurants, Old Airport Road Food Centre, upmarket cafes and bars, and Singapore Sports Hub.
+ Excellent accessibility – short walk to Kallang MRT station connecting to the East-West MRT Line. Easy access to the city via major arterial roads and expressways like Nicoll Highway and the Kallang Paya Lebar Expressway (KPE)
+ Potential for rental upside and capital appreciation – sited strategically between two growth clusters, the Paya Lebar Central and the Kallang River precinct. The area has also been recently rezoned from “Residential/ Institution” to “Commercial/ Institution”, and may translate to potential rental & capital upside for the property in the mid to long term.
+ Foreigners are eligible to purchase
+ No Additional Buyer’s Stamp Duty (ABSD)
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