Freehold mixed-use building in Newton up for sale at $20 mil
The building is a blended commercial and also household 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 accessibility over all 5 levels and also has a private parking lot with five parking area. (Look for Singapore commercial buildings with our business directory).
The whole property is presently leased to a veterinary centre with team quarters, meaning it can supply a profitable buyer with instant rental earnings. 200 Bukit Timah is a brief walk away from the Newton MRT Interchange Terminal on the North-South and Downtown Lines. It is also surrounded by features like the Novena Square, Square 2 and also United Square mall, Newton Food Centre and medical-related complicated Health City Novena.
He adds that that the effective home buyer can discover numerous value-add angles to reposition the possession, based on authorizations from the appropriate authorities. This consists of utilizing the residential property for F&B business, showroom, gym, business academic institution or co-living purposes, amongst others.
Michael Tay, head of resources markets in Singapore at CBRE, believes that the apartment will take pleasure in long term resources and also rental upsides, built by the continuous rejuvenation of the Orchard Road as well as Novena parts. He expects solid financier attention in the building, besides enthusiasm from owner-occupiers trying to find a structure ideal for labeling as well as signage dues.
A five-storey estate structure situated at 200 Bukit Timah Road in Area 9’s Newton district is up for sale through an expression of interest (EOI) exercise. The guide price for the property is about $20 million, which works out to $2,295 psf on the complete gross flooring area (GFA), according to promotion representative CBRE.
The EOI exercise for 200 Bukit Timah will finalize on July 27 at 3pm.
