Freehold mixed-use building in Newton up for sale at $20 mil
The whole home is presently rented to a veterinary centre with staff quarters, suggesting it can provide a successful purchaser with immediate rental cash flow. 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 surrounded by amenities like the Novena Square, Square 2 and also United Square shopping center, Newton Food Centre as well as medical care facility Health City Novena.
A five-storey property building located at 200 Bukit Timah Street in District 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 comes out to $2,295 psf on the whole gross floor area (GFA), according to marketing agent CBRE.
Michael Tay, head of resources markets in Singapore at CBRE, thinks that the property will appreciate potential resources and rentals upsides, built by the recurring rejuvenation of the Orchard Road and also Novena places. He expects good financier attention in the real estate, besides interest from owner-occupiers seeking a building suitable for labeling and signage rights.
He incorporates that the effective home buyer can explore several value-add angles to reposition the possession, based on authorizations from the relevant authorities. This consists of using the home for F&B business, showroom, gym, industrial college or co-living purposes, amongst others.
The residential property is a mixed commercial and also non commercial structure that rests on a land area of around 2,083 sq ft, with a complete GFA of 8,715 sq ft. It is provided with lift accessibility across all five levels and has a personal parking area with five parking area. (Discover Singapore industrial buildings with our industrial directory site).
The EOI exercise for 200 Bukit Timah is going to close on July 27 at 3pm.