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 residential property will certainly enjoy possible funding and rental benefits, set up by the ongoing restoration of the Orchard Road as well as Novena places. He expects strong investor interest in the property, in addition to interest from owner-occupiers searching for a property perfect for identifying and also signage rights.
He includes that the effective home buyer can explore a number of value-add angles to shift the investment, based on approvals from the pertinent authorities. This includes utilizing the home for F&B facilities, display room, fitness center, commercial academic institution or co-living applications, amongst others.
The EOI exercise for 200 Bukit Timah will close on July 27 at 3pm.
The entire home is currently rented to a veterinary facility with personnel quarters, meaning it can provide a profitable purchaser with instant rental revenue. 200 Bukit Timah is a brief walk away from the Newton MRT Interchange Station on the North-South and also Downtown Lines. It is additionally neighbored by features like the Novena Square, Square 2 and United Square mall, Newton Food Centre and health facility Health City Novena.
A five-storey estate building nestled at 200 Bukit Timah Street in District 9’s Newton district is up for sale through an expression of interest (EOI) exercise. The overview value for the apartment is roughly $20 million, which comes out to $2,295 psf on the whole gross flooring area (GFA), according to promotion agent CBRE.
The residential property is a mixed industrial and household establishment that sits 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 around all five levels as well as has a special parking lot with 5 car park. (Look for Singapore commercial residential properties with our business directory site).