CBRE, as the exclusive marketing agent, is pleased to offer for sale 200 Bukit Timah Road, a five-storey mixed commercial and residential building located in prime District 9. The sale will be conducted through an Expression of Interest (EOI) exercise which closes on 27 July 2022, Wednesday at 3pm.

Nestled within the coveted Newton precinct, the subject property is strategically located along the busy Bukit Timah Road that enjoys prominent visibility. It sits on a land area of approximately 2,083 square feet and has a total gross floor area of approximately 8,715 square feet.

200 Bukit Timah Road is equipped with lift access across all five levels and has a private carpark with five parking lots. Notably, the entire property is currently leased to a veterinary centre with staff quarters which will provide the successful buyer with immediate rental income.

As the subject property is zoned for “Commercial & Residential” use under the URA Master Plan 2019, both locals and foreigners are eligible to purchase it.

The guide price for 200 Bukit Timah Road is approximately S$20 million, or S$2,295 per square foot on the total gross floor area.

Michael Tay (郑兆能), Head of Capital Markets, Singapore at CBRE says, “Freehold assets in such prime location are rarely available for sale, let alone one of a palatable investment quantum. Considering the ongoing rejuvenation of Orchard Road and transformation of Novena, 200 Bukit Timah Road is strategically positioned to benefit, and we expect strong interest from investors of various profiles who are looking to capitalize on these exciting plans to enjoy future capital and rental upsides. The asset will also appeal to owner-occupiers looking for a building ideal for naming and signage rights.”

A host of amenities are readily available within minutes from 200 Bukit Timah Road. Orchard Road, Singapore’s world-renowned shopping belt, offers the ultimate shopping experience as well as unique dining and lifestyle offerings. Novena, which already offers a variety of shopping malls such as Novena Square, Square 2 and United Square, will soon be home to Singapore’s single largest healthcare complex, Health City Novena (targeted for completion in 2030). The famous Newton Food Centre, a go-to place for hawker fare, is also nearby.

Mr Tay adds, “Subject to approvals from the relevant authorities, the successful buyer can also explore several value-add angles in the long term to reposition the asset and improve its rental command given its strategic location. One can consider alternative uses such as F&B, showroom, gym, commercial school, clinic, serviced apartments and co-living, amongst others. Minor asset enhancement works to alter the building’s façade, refresh its interiors and/or reconfigure the existing floor layout can be considered as well.”

The subject property is well-connected to other parts of Singapore via public and private transportation. Newton MRT interchange (North-South Line and Downtown Line) is a short walk away and numerous bus services can be found along Bukit Timah Road, which leads to other arterial roads such as Dunearn Road and expressways such as the Central Expressway (CTE).

200 Bukit Timah Road is also within one-kilometre of several renowned primary schools including Anglo- Chinese School (Primary), Anglo-Chinese School (Junior), St. Joseph’s Institution Junior and St. Margaret’s School (Primary).

To request a copy of the Information Memorandum please contact one of the marketing agents via the contact details below.