Freehold mixed-use building in Newton up for sale at $20 mil

Michael Tay, head of resources markets in Singapore at CBRE, thinks that the building will certainly enjoy prospective resources as well as leasing upsides, set up by the ongoing revival of the Orchard Road and Novena parts. He anticipates strong financier interest in the apartment, besides interest from owner-occupiers seeking a structure suitable for identifying and also signage dues.

The home is a blended industrial and household building that remains on a land area of approximately 2,083 sq ft, with a complete GFA of 8,715 sq ft. It is equipped with lift accessibility over all five levels and also has a private parking lot with five parking lots. (Locate Singapore business residential properties with our business directory site).

He incorporates that the successful buyer can check out a number of value-add angles to shift the possession, subject to authorizations from the pertinent authorities. This consists of utilizing the residential property for F&B business, display room, health club, commercial college or co-living goals, amongst others.

A five-storey estate structure nestled at 200 Bukit Timah Road in District 9’s Newton precinct is up for sale through an expression of interest (EOI) exercise. The overview value for the building is around $20 million, which works out to $2,295 psf on the overall gross floor area (GFA), according to advertising agent CBRE.

Copen Grand City Developments and MCL Land

The entire apartment is presently leased to a vet facility with personnel quarters, implying it can give a successful customer with immediate 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 also surrounded by amenities like the Novena Square, Square 2 and United Square mall, Newton Food Centre as well as medical care complicated Health City Novena.

The EOI exercise for 200 Bukit Timah is going to close on July 27 at 3pm.

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