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

The whole apartment is currently leased to a veterinary facility with team quarters, indicating it can give a successful investor with prompt rental cash flow. 200 Bukit Timah is a short walk away from the Newton MRT Interchange Terminal on the North-South and Downtown Lines. It is also encircled by facilities like the Novena Square, Square 2 as well as United Square shopping malls, Newton Food Centre and health complex Health City Novena.

A five-storey property structure nestled at 200 Bukit Timah Road in District 9’s Newton district is up for sale through an expression of interest (EOI) exercise. The overview rate for the home is approximately $20 million, which comes out to $2,295 psf on the whole gross floor area (GFA), according to advertising agent CBRE.

Michael Tay, director of funding markets in Singapore at CBRE, thinks that the residential property will certainly delight in long term capital and leasing advantages, built by the continuous renewal of the Orchard Road and Novena parts. He projects good investor attention in the residential property, besides enthusiasm from owner-occupiers trying to find a property ideal for labeling as well as signage rights.

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He incorporates that the successful customer can discover numerous value-add angles to rearrange the investment, subject to authorizations from the relevant authorities. This includes using the apartment for F&B buildings, display room, fitness center, industrial school or co-living reasons, amongst others.

The residential property is a combined business and residence structure that remains on a land area of about 2,083 sq ft, with a complete GFA of 8,715 sq ft. It is provided with elevator access throughout all 5 levels and also has a special parking area with 5 parking area. (Locate Singapore business properties with our industrial directory).

The EOI exercise for 200 Bukit Timah will end on July 27 at 3pm.

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