A prime opportunity has emerged in the heart of Chinatown with the listing of a 99-year leasehold commercial building on Mosque Street. Priced at approximately $10 million, this property boasts a total floor area of 3,083 square feet distributed across three stories. Its strategic location at 13 Mosque Street places it within the Kreta Ayer conservation area of the Chinatown Heritage District, ensuring a blend of historical significance and modern urban convenience.
Situated just a two-minute walk from the Chinatown MRT Interchange, the building is well-positioned to attract foot traffic from both locals and tourists alike.
Previously operated as the Chic Capsule Otel, the building is currently offered with vacant possession, providing a rare opportunity for immediate repositioning. This aspect is particularly appealing to investors and entrepreneurs looking to capitalize on the vibrant atmosphere of Chinatown. The ground-floor space presents significant potential for conversion into food and beverage establishments, which are always in demand in such a bustling area.
With the rising trend of culinary tourism and the increasing popularity of unique dining experiences, transforming this space into a restaurant or café could yield substantial returns.
Meanwhile, the upper floors of the building open up further possibilities for development. The flexible layout allows for the potential transformation into co-living spaces or backpacker hostels, catering to the growing demographic of young travelers seeking affordable accommodation options in prime locations.
Such developments would not only enhance the character of the property but also contribute to the overall vibrancy of the Chinatown area. The ability to adapt the space for various types of occupancy adds to its attractiveness as an investment opportunity.
The sale is being handled through an expression of interest exercise conducted by CBRE, with the closing date set for August 20. This structured approach allows interested parties to submit their proposals, ensuring a transparent and competitive bidding process.
Notably, the absence of additional stamp duty for foreign buyers further enhances the appeal of this investment, making it a viable option for international investors looking to enter the Singapore market.
NEW CONDO LAUNCH: BOULEVARD COAST
Boulevard Coast is a newly launched condominium project offering modern living with diverse unit types and innovative architectural designs.
Situated in a prime location, it features attractive amenities including a swimming pool, gym, and landscaped gardens that cater to both local and foreign investors.
With competitive Boulevard Coast pricing, the project appeals to young professionals and families drawn to urban living.
Interested buyers can explore the Boulevard Coast floor plan and site plan for detailed insights.
View Boulevard Coast Condo ShowFlat & Get VVIP Discount. Register or contact 6100 8822 to book showflat appointment.
News Source: Edgeprop
Images are not actual photos. For illustration purpose only.
