Freehold mixed-use building in Newton up for sale at $20 mil

The entire home is presently leased to a veterinary center with team quarters, indicating it can give a successful client with instant rental revenue. 200 Bukit Timah is a short walk away from the Newton MRT Interchange Terminal on the North-South as well as Downtown Lines. It is also encircled by amenities like the Novena Square, Square 2 and United Square shopping center, Newton Food Centre and also health facility Health City Novena.

Michael Tay, director of capital markets in Singapore at CBRE, believes that the home will enjoy future resources and also rental upsides, underpinned by the ongoing rejuvenation of the Orchard Road as well as Novena areas. He projects good capitalist attention in the residential property, along with curiosity from owner-occupiers seeking a property ideal for labeling and also signs dues.

He incorporates that the effective buyer can check out a number of value-add angles to shift the asset, subject to approvals from the appropriate authorities. This includes making use of the residential property for F&B facilities, showroom, health club, business college or co-living functions, amongst others.

Pollen Collection Singapore

The apartment is a mixed commercial and also residence structure that rests on a land area of approximately 2,083 sq ft, with a total GFA of 8,715 sq ft. It is provided with lift access across all five floors and also has a private parking lot with 5 parking area. (Look for Singapore business homes with our business directory).

A five-storey freehold building situated at 200 Bukit Timah Road in District 9’s Newton precinct is up for sale through an expression of interest (EOI) exercise. The guide price for the building is roughly $20 million, which works out to $2,295 psf on the complete gross flooring area (GFA), according to marketing agent CBRE.

The EOI exercise for 200 Bukit Timah is going to end on July 27 at 3pm.

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