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Tristar Hotel, Onan Road

Tristar Hotel at 1 Onan Road is a 4-storey hotel with 115 hotel rooms for sale by Expression of Interest (EOI). Knight Frank is the sole and exclusive marketing agent of the subject property.   The subject property is located in District 15 and enjoys triple frontage from Onan Road, Joo Chiat and Changi Road. The 99-year leasehold hotel offers spacious rooms ranging from 26 sq m to 41 sq m. The site has a strata area of 5,398 sq m (approx. 58,104 sq ft) and is zoned as “Hotel” under the 2014 Master Plan. Facilities include a swimming pool on the 3rd floor and a business centre located on the 1st floor.

Tristar Hotel

Tristar Hotel is located within close proximity to Paya Lebar Central. Paya Lebar is envisaged as one of the commercial hubs to be developed outside of the city centre as part of URA’s larger decentralisation strategy in the Concept Plan, to provide alternatives for businesses and jobs closer to homes.

The subject property also offers great accessibility as it is close to Paya Lebar MRT station; an interchange which connects the East-West and Circle Line. By car, the property is a short ten-minute drive to Changi Airport and 15 minutes to the city centre. It is also well connected by major expressways with the Pan-Island Expressway (PIE) and the East Coast Parkway (ECP), as well as major roads like Sims Avenue, Paya Lebar Road and Changi Road.

Tenure

: 99-year leasehold

Master Plan 2014

: Zoned "hotel"

Strata Area

: 5,398 sq m (approx. 58,104 sq ft)

Remarks

: Tender closes 6 April 2017 (Thursday) at 3 pm

 

DISCLAIMER: While every reasonable care has been taken in preparing the contents of this property summary, the owner and the marketing agent cannot be held responsible for any inaccuracy. The particulars in this summary do not constitute, nor constitute any part of, an offer or contract.

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