Cushman & Wakefield and CBRE have announced the sale of a freehold 46-key hotel located at 56 Sims Avenue, Kallang, Singapore. The property, which is currently generating income under a master lease, is available at a guide price of $21.8 million (S$29.9 million). This opportunity is particularly appealing to investors seeking stable income and potential for capital appreciation.
The hotel, a four-storey building with an attic, features 46 guest rooms with ensuite bathrooms. It occupies a site area of approximately 3,172 square feet and boasts a gross floor area of 10,620 square feet. Positioned along the prominent Sims Avenue, the property offers about 12 metres of main road frontage, enhancing its visibility and branding potential.
Sophia Lim, Director of Capital Markets at Cushman & Wakefield, highlighted the rarity of acquiring freehold hospitality assets with stable income in well-connected city-fringe locations. "56 Sims Avenue presents a compelling investment proposition, offering immediate income stability through an established master lease alongside long-term upside," she stated.
The hotel is strategically located within the rejuvenating Kallang/Geylang precinct, benefiting from ongoing urban transformation. Its proximity to major expressways and public transport enhances accessibility for both business and leisure travellers. Joshua Giam, Director of Capital Markets at CBRE, noted the area's transformation into a vibrant neighbourhood that bridges heritage and modern lifestyle.
The Expression of Interest exercise for the property will close on 20 May 2026 at 3:00 PM. Interested parties are encouraged to contact Cushman & Wakefield or CBRE for further details or to arrange a private viewing
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