Cushman & Wakefield and CBRE have announced the sale of a freehold, 46-key hotel located at 56 Sims Avenue, Kallang. The property, which is income-generating under a master lease, is listed at a guide price of S$29.9m. This strategic sale comes as the Kallang precinct undergoes significant rejuvenation, enhancing its appeal to investors.
The four-storey hotel, featuring 46 guest rooms with ensuite bathrooms, occupies a site area of approximately 3,172 square feet and a gross floor area of 10,620 square feet. Its prominent location along Sims Avenue offers 12 metres of main road frontage, providing excellent visibility and branding opportunities. The asset is currently leased to an operator, ensuring immediate and stable rental income for the purchaser.
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 Kallang/Geylang area, where the property is situated, is benefiting from urban transformation, making it a vibrant and accessible district. Joshua Giam, Director of Capital Markets at CBRE, noted the area’s successful transformation into a holistic neighbourhood that balances heritage with modern lifestyle.
The hotel is priced at approximately S$650,000 per key, and interested parties are invited to contact the agents for further information. The Expression of Interest exercise will close on 20 May 2026.
