A prime opportunity has emerged in the heart of Chinatown with the listing of a commercial building at 13 Mosque Street. This 99-year leasehold property, encompassing a total floor area of 3,083 square feet and a lot size of 1,315 square feet, is being offered at a competitive price of approximately $10 million. The building, previously known as the Chic Capsule Otel, served as a boutique hotel, highlighting its potential for hospitality and commercial use.
The sale is being facilitated through an expression of interest (EOI) process managed by CBRE, with the closing date set for August 20. The property will be sold with vacant possession, allowing prospective buyers to explore a variety of options without delay. The strategic location within the Kreta Ayer conservation area of the Chinatown Heritage District further enhances its appeal; being just a two-minute walk from the Chinatown MRT Interchange ensures excellent accessibility for both customers and residents.
The vacant status of the building opens the door for immediate repositioning opportunities. Buyers can consider converting the ground-floor space into a food and beverage establishment, capitalizing on the vibrant dining scene that characterizes Chinatown. This transformation could attract foot traffic and cater to both locals and tourists seeking authentic culinary experiences.
Additionally, the upper floors present possibilities for co-living spaces or backpacker hostel configurations, tapping into the growing demand for affordable accommodation options in the bustling urban center. The historical and cultural significance of the Chinatown area, combined with the building’s prime location, positions the property as a valuable asset for investors and entrepreneurs alike.
The Kreta Ayer conservation area is known for its rich heritage and cultural landmarks, making it a desirable destination for visitors. As urban development continues to evolve, the potential for growth in this locale remains promising.
Moreover, the commercial real estate market in Singapore has shown resilience, with demand for well-located properties persisting despite various economic challenges. The opportunity at 13 Mosque Street not only meets the current market demand but also aligns with the broader trends in urban living and hospitality.
Investors looking to capitalize on this trend can leverage the unique features of the property, combining modern amenities with the charm of historic architecture.
NEW CONDO LAUNCH: RIVER GREEN
River Green is an exciting new condominium development offering a variety of unit types to meet diverse lifestyle needs.
With modern amenities such as a swimming pool, fitness center, and beautifully landscaped gardens, this project aims to enhance resident quality of life.
The strategic location provides easy access to public transport, shopping, and dining. Interested buyers can explore the River Green Floor Plan and take advantage of promotional pricing during the initial launch phase.
For more information, including River Green Project Details and to access the River Green E-brochure, “View River Green ShowFlat & Get VVIP Discount.
Register or contact 6100 8822 to book showflat appointment.”
News Source: Edgeprop
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