Freehold mixed-use building in Newton up for sale at $20 mil
The whole residential property is presently rented to a vet centre with staff quarters, suggesting it can supply a profitable customer with prompt rental earnings. 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 likewise encircled by amenities like the Novena Square, Square 2 and also United Square shopping center, Newton Food Centre and healthcare complex Health City Novena.
The home is a combined commercial and also residence building that sits on a land area of around 2,083 sq ft, with a total GFA of 8,715 sq ft. It is provided with elevator access around all 5 floors and has a private car park with 5 car park. (Locate Singapore commercial residential properties with our business directory site).
He incorporates that the successful investor can explore several value-add angles to rearrange the asset, based on approvals from the relevant authorities. This consists of using the apartment for F&B business, showroom, health club, business academic institution or co-living goals, amongst others.
Michael Tay, director of funding markets in Singapore at CBRE, thinks that the home will certainly delight in future capital as well as rentals upsides, set up by the recurring rejuvenation of the Orchard Road and Novena places. He anticipates good investor interest in the property, along with interest from owner-occupiers seeking a structure perfect for labeling as well as signage dues.
A five-storey property 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 price for the apartment is roughly $20 million, which works out to $2,295 psf on the total gross flooring area (GFA), according to promotion representative CBRE.
The EOI exercise for 200 Bukit Timah will close on July 27 at 3pm.