Freehold mixed-use building in Newton up for sale at $20 mil
A five-storey estate structure located at 200 Bukit Timah Road in District 9’s Newton precinct is up for sale with an expression of interest (EOI) exercise. The overview price for the property is about $20 million, which works out to $2,295 psf on the complete gross floor area (GFA), according to promotion representative CBRE.
The entire building is currently leased to a vet centre with staff quarters, implying it can give a profitable customer with prompt rental cash flow. 200 Bukit Timah is a brief walk away from the Newton MRT Interchange Terminal on the North-South and Downtown Lines. It is also neighbored by amenities like the Novena Square, Square 2 as well as United Square shopping center, Newton Food Centre and also medical care complex Health City Novena.
He includes that the successful home buyer can explore numerous value-add angles to shift the possession, based on approvals from the pertinent authorities. This includes using the property for F&B business, display room, fitness center, business institution or co-living goals, amongst others.
The EOI exercise for 200 Bukit Timah is going to close on July 27 at 3pm.
Michael Tay, head of resources markets in Singapore at CBRE, believes that the building will take pleasure in potential capital and rentals benefits, built by the recurring revival of the Orchard Road as well as Novena parts. He projects good financier attention in the apartment, along with enthusiasm from owner-occupiers searching for a structure suitable for labeling and also signs dues.
The home is a blended industrial and residential establishment that rests on a land area of around 2,083 sq ft, with a complete GFA of 8,715 sq ft. It is equipped with lift access across all 5 levels and has an exclusive parking area with 5 parking lots. (Find Singapore business buildings with our business directory).