Sandpiper Hotel guide price to start at $35m

The property consists of 29 hotel rooms.

The Sandpiper Hotel, a freehold, three-storey hotel with a basement level, situated amidst the bustling Jalan Besar / Little India precinct will go on sale with a guide price of $35m.

Built circa 2005, Sandpiper Hotel sits on a freehold land area of approximately 2,750 sq ft with full “Commercial” zoning and has rare hotel approval. The Property consists of 29 hotel rooms, with a passenger lift to serve guests from the basement level to third floor. Part of the ground floor space is currently leased out to an F&B operator as an al-fresco dining area, and a small kiosk is in the midst of being carved out to operate as a money exchange in the near term.

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Situated along Dunlop Street and Perak Road with 35 meters of dual road frontage, the Sandpiper Hotel enjoys high visibility and footfall throughout the day.

Foreigners and companies are eligible to purchase the property and NO Additional Buyer Stamp Duty (ABSD) or Seller’s Stamp Duty (SSD) will be imposed.

The sale will be conducted through an Expression of Interest exercise, which closes on Friday, 2 December 2022, at 3 PM. Savills Singapore is the exclusive marketing agent of the sale.

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