Freehold mixed-use building in Newton up for sale at $20 mil
Michael Tay, head of resources markets in Singapore at CBRE, believes that the home will delight in prospective funding as well as rental benefits, set up by the continuous revival of the Orchard Road and Novena areas. He assumes strong investor interest in the property, besides curiosity from owner-occupiers seeking a structure ideal for calling and signs rights.
The whole apartment is presently rented to a vet center with team quarters, implying it can provide an effective client with instant rental income. 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 additionally neighbored by amenities like the Novena Square, Square 2 and United Square shopping malls, Newton Food Centre and also medical care complex Health City Novena.
The apartment is a combined business as well as household structure that remains on a land area of approximately 2,083 sq ft, with a complete GFA of 8,715 sq ft. It is provided with lift accessibility throughout all 5 levels as well as has a personal parking lot with five car park. (Find Singapore business residential properties with our industrial directory).
He adds that the successful customer can explore numerous value-add angles to shift the possession, based on approvals from the pertinent authorities. This consists of using the property for F&B buildings, display room, fitness center, business academic institution or co-living goals, amongst others.
A five-storey estate building nestled at 200 Bukit Timah Road in District 9’s Newton district is up for sale through an expression of interest (EOI) exercise. The guide rate for the building is approximately $20 million, which comes out to $2,295 psf on the total gross flooring area (GFA), according to marketing representative CBRE.
The EOI exercise for 200 Bukit Timah is going to finalize on July 27 at 3pm.