Freehold mixed-use building in Newton up for sale at $20 mil
Michael Tay, head of capital markets in Singapore at CBRE, believes that the building will delight in potential funding as well as rental advantages, underpinned by the recurring rejuvenation of the Orchard Road as well as Novena locations. He projects strong financier interest in the residential property, along with enthusiasm from owner-occupiers looking for a building ideal for calling and also signs dues.
He includes that the effective purchaser can check out several value-add angles to shift the asset, subject to approvals from the appropriate authorities. This includes making use of the apartment for F&B establishments, showroom, health club, business academic institution or co-living reasons, amongst others.
The property is a blended business as well as household structure that rests on a land area of about 2,083 sq ft, with a complete GFA of 8,715 sq ft. It is equipped with lift accessibility throughout all five floors and has a private parking lot with 5 parking area. (Locate Singapore business properties with our industrial directory).
The entire home is presently leased to a veterinary center with personnel quarters, meaning it can provide an effective client with instant rental earnings. 200 Bukit Timah is a brief walk away from the Newton MRT Interchange Terminal on the North-South and also Downtown Lines. It is also neighbored by facilities like the Novena Square, Square 2 as well as United Square shopping malls, Newton Food Centre as well as health care complicated Health City Novena.
A five-storey property building situated at 200 Bukit Timah Street in Area 9’s Newton district is up for sale through an expression of interest (EOI) exercise. The guide rate for the property is around $20 million, which comes out to $2,295 psf on the overall gross flooring area (GFA), according to promotion agent CBRE.
The EOI exercise for 200 Bukit Timah is going to end on July 27 at 3pm.
