Freehold mixed-use building in Newton up for sale at $20 mil
The apartment is a combined industrial and also residence establishment that remains on a land area of about 2,083 sq ft, with an overall GFA of 8,715 sq ft. It is equipped with lift accessibility across all 5 floors and also has a special parking area with 5 parking area. (Locate Singapore industrial homes with our business directory).
The whole property is presently leased to a veterinary facility with staff quarters, meaning it can provide a profitable investor with prompt rental revenue. 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 neighbored by facilities like the Novena Square, Square 2 and also United Square shopping center, Newton Food Centre and also health care complicated Health City Novena.
He incorporates that the effective purchaser can check out a number of value-add angles to shift the investment, based on authorizations from the pertinent authorities. This includes utilizing the property for F&B buildings, display room, fitness center, industrial academic institution or co-living functions, among others.
Michael Tay, head of resources markets in Singapore at CBRE, thinks that the home will certainly appreciate future funding as well as rental advantages, underpinned by the continuous renewal of the Orchard Road and also Novena parts. He anticipates good financier interest in the property, in addition to interest from owner-occupiers seeking a property perfect for identifying and signs rights.
A five-storey estate building situated at 200 Bukit Timah Street in Area 9’s Newton district is up for sale with an expression of interest (EOI) exercise. The overview cost for the building is about $20 million, which comes out to $2,295 psf on the overall gross floor area (GFA), according to promotion agent CBRE.
The EOI exercise for 200 Bukit Timah is going to close on July 27 at 3pm.
