Sale: Profitable Singapore Hotel. High Roi - Singapore Property For Sale Or Rent at BestRealEstatePlanet.com

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Singapore

Property for sale: $7,700,000 USD (Negotiable)

Hotel For Sale in Singapore

Overview:
Astro Hotel is a 3-story building with a 4th story rear extension comprising of 67 hotel rooms and suites. Astro is a boutique class tourist hotel that caters to travellers as well as local guests who require both short or long term affordable comfort accomodation.

Overview:
Astro Hotel is a 3-story building with a 4th story rear extension comprising of 67 hotel rooms and suites. Astro is a boutique class tourist hotel that caters to travellers as well as local guests who require both short or long term affordable comfort accomodation.

Location:
Located at 51 Joo Chiat Road in the East Coast hub of Singapore, Astro is right in the middle of a bustling shopping, eating and tourist district of Joo Chiat and Changi Road. Tourist attraction Geylang Serai Malay Village is a 5-minute walk from the hotel. Astro Hotel is situated next to Joo Chiat Complex, housing various retail shops. A 4-story car park located behind Astro Hotel provides ample parking of 500 sheltered parking lots. Due to its close proximity and easy accessibility to the Changi International Airport and the city, Astro is well patronized by international guests who visit Singapore for both business and leisure purposes.

10 km from Changi International Airport
10 km to Orchard Road (downtown)
8-minute walk to Paya Lebar MRT (train) & Eunos MRT station
2-minute walk to nearest bus stop
5-minute walk to tourist attraction Geylang Serai Malay Village

Occupancy Demographics:
Astro Hotel was officially open to the public in 1998. In less than 3 years of running, it has achieved occupancy rates of up to 80% on a daily basis and up to 100% on certain weekends and holidays.
Deluxe Guestrooms:
9 Standard Single
38 Double Deluxe
4 Twin Deluxe
7 Superior Deluxe
7 Family Deluxe
2 Junior Suite

Facilities:
Convenient express check-in
Complimentary drinks & toiletries
Digital remote control air-conditioning system
Premises protected by 24 hr security alarm system
Closed Circuit TV (CTV) 24 hr security system
Ademco fire alarm system
Laundry facilities

Current Operations & Management:
Astro Hotel (hotel operations, rooms only)
4-story hotel comprising of 67 rooms & 1 office
19,423 sq ft (1804.45 sq m) in area
Hotel lobby and reception situated on the ground level

Jazzy Pub (subcontracted, occupying 3 units)
Opening hours: Mon-Sat 2pm-1am, Sun 6pm-1am
Seating capacity of 160
Land area of 3502.28 sq ft (325.37 sq m)
Music & karaoke facilities
Alcoholic beverages & light snacks served

Total Land Area: 7649 sq ft (710.61 sq m)
Gross Floor Area: 22,925 sq ft (2129.82 sq m)

Asking price: S$14,000,000 or USD $7,700,000.

Contact: Tricia Ang US tel. (303) 527-0267

Property Summary

Offered by		Owner
Features		Furnished, Appliances, Pet Friendly, Maid's Bathroom, Laundry Room, Studio Room, Pool, Tennis Court, Gym/Spa, Balcony, Patio, Cable TV, Ocean View, Lake View, Ocean Waterfront, Lake Waterfront, 24 Hour Security, Private Lift, Parking Lot, Golf Driving Range,