DEVELOPERS have been invited to consider buying a plum site for a small boutique hotel fronting the Singapore River.
The 16,536 sq ft plot in Havelock Road has three conserved warehouses, to be restored for use as a hotel by the successful bidder for the site.
Details of sale conditions for the site, with a maximum gross floor area of 23,089 sq ft, were released yesterday under the first half-year Government Land Sales programme.
The site is on the reserve list, which means a land parcel is put to tender only if a developer first commits to buy the plot for a sum acceptable to the Government.
"The land parcel at Havelock Road consists of three conserved warehouse buildings which shall be restored for hotel use. Together with its prominent location fronting the Singapore River, the conserved buildings are envisaged to be transformed into a distinctive boutique hotel," the Urban Redevelopment Authority said in a statement.