Freehold mixed-use building in Newton up for sale at $20 mil
A five-storey property structure located at 200 Bukit Timah Street in Area 9’s Newton precinct is up for sale with an expression of interest (EOI) exercise. The guide price for the property is around $20 million, which comes out to $2,295 psf on the complete gross flooring area (GFA), according to promotion representative CBRE.
He includes that the effective home buyer can check out several value-add angles to rearrange the possession, based on approvals from the pertinent authorities. This consists of using the apartment for F&B business, display room, gym, industrial college or co-living reasons, amongst others.
The EOI exercise for 200 Bukit Timah is going to finalize on July 27 at 3pm.
The apartment is a combined commercial as well as household structure that remains 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 5 levels and has a special parking lot with five parking lots. (Look for Singapore business homes with our industrial directory site).
The entire building is presently rented to a veterinary facility with personnel quarters, meaning it can supply a successful client with instant rental revenue. 200 Bukit Timah is a brief walk away from the Newton MRT Interchange Station on the North-South as well as Downtown Lines. It is also encircled by facilities like the Novena Square, Square 2 as well as United Square shopping malls, Newton Food Centre as well as medical care facility Health City Novena.
Michael Tay, head of resources markets in Singapore at CBRE, believes that the home will certainly delight in possible resources as well as rental benefits, built by the ongoing renewal of the Orchard Road and Novena locations. He assumes solid financier attention in the real estate, besides enthusiasm from owner-occupiers searching for a structure perfect for calling as well as signs dues.