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

A five-storey estate structure located at 200 Bukit Timah Street in District 9’s Newton district is up for sale with an expression of interest (EOI) exercise. The guide deal for the residential property is approximately $20 million, which comes out to $2,295 psf on the total gross flooring area (GFA), according to marketing representative CBRE.

The home is a mixed industrial as well as household building that sits on a land area of about 2,083 sq ft, with a total GFA of 8,715 sq ft. It is set up with elevator access over all 5 levels as well as has an exclusive parking area with 5 parking area. (Look for Singapore commercial buildings with our business directory).

Royal Green Allgreen Properties Limited

The whole residential property is currently leased to a veterinary center with staff quarters, implying it can provide an effective buyer with immediate rental revenue. 200 Bukit Timah is a short walk away from the Newton MRT Interchange Station on the North-South and also Downtown Lines. It is additionally bordered by facilities like the Novena Square, Square 2 and also United Square shopping malls, Newton Food Centre and also health care complex Health City Novena.

He incorporates that the effective buyer can check out numerous value-add angles to reposition the possession, subject to authorizations from the appropriate authorities. This consists of using the property for F&B establishments, display room, gym, industrial university or co-living reasons, amongst others.
The EOI exercise for 200 Bukit Timah is going to end on July 27 at 3pm.

Michael Tay, head of funding markets in Singapore at CBRE, believes that the property will delight in possible resources as well as leasing upsides, built by the continuous restoration of the Orchard Road as well as Novena areas. He expects solid investor attention in the real estate, in addition to interest from owner-occupiers looking for a property perfect for identifying and signs dues.