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

The whole residential property is currently leased to a vet center with team quarters, meaning it can offer an effective client with immediate rental earnings. 200 Bukit Timah is a short walk away from the Newton MRT Interchange Terminal on the North-South and also Downtown Lines. It is additionally surrounded by amenities like the Novena Square, Square 2 and also United Square shopping center, Newton Food Centre and medical-related complex Health City Novena.

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Michael Tay, director of funding markets in Singapore at CBRE, believes that the building will certainly appreciate prospective capital as well as rental benefits, set up by the ongoing revival of the Orchard Road as well as Novena places. He expects solid financier attention in the apartment, besides enthusiasm from owner-occupiers looking for an establishment perfect for naming as well as signage dues.

He includes that the successful purchaser can discover a number of value-add angles to rearrange the possession, subject to approvals from the appropriate authorities. This consists of using the property for F&B business, showroom, gym, business university or co-living functions, among others.
The EOI exercise for 200 Bukit Timah is going to end on July 27 at 3pm.

The apartment is a combined commercial and non commercial establishment that rests on a land area of approximately 2,083 sq ft, with a complete GFA of 8,715 sq ft. It is equipped with lift accessibility across all 5 floors and also has a personal car park with 5 parking lots. (Discover Singapore commercial buildings with our business directory site).

A five-storey property structure nestled at 200 Bukit Timah Road in District 9’s Newton district is up for sale with an expression of interest (EOI) exercise. The guide deal for the building is approximately $20 million, which works out to $2,295 psf on the overall gross flooring area (GFA), according to promotion representative CBRE.