Freehold mixed-use building in Newton up for sale at $20 mil
The whole apartment is presently leased to a veterinary centre with personnel quarters, meaning it can provide an excellent purchaser with instant rental earnings. 200 Bukit Timah is a brief walk away from the Newton MRT Interchange Station on the North-South and Downtown Lines. It is additionally encircled by amenities like the Novena Square, Square 2 and also United Square mall, Newton Food Centre and health complicated Health City Novena.
He incorporates that the successful investor can check out a number of value-add angles to reposition the asset, subject to authorizations from the pertinent authorities. This consists of utilizing the property for F&B establishments, showroom, health club, industrial university or co-living purposes, among others.
Michael Tay, head of resources markets in Singapore at CBRE, believes that the residential property will certainly delight in potential resources and leasing upsides, built by the continuous restoration of the Orchard Road and also Novena locations. He expects solid investor interest in the apartment, besides curiosity from owner-occupiers searching for a structure ideal for calling and signage dues.
A five-storey property structure located at 200 Bukit Timah Road in District 9’s Newton district is up for sale through an expression of interest (EOI) exercise. The guide value for the property is roughly $20 million, which comes out to $2,295 psf on the overall gross floor area (GFA), according to marketing representative CBRE.
The apartment is a mixed business as well as residential structure that sits on a land area of approximately 2,083 sq ft, with a total GFA of 8,715 sq ft. It is set up with elevator access across all five floors as well as has a private parking area with five car park. (Locate Singapore commercial buildings with our business directory).
The EOI exercise for 200 Bukit Timah will end on July 27 at 3pm.