F&B unit in Bukit Timah Plaza up for sale at $13 mil

By EdgeProp Team / EdgeProp | October 24, 2018 1:12 PM SGT
An F&B unit on the ground floor in Bukit Timah Plaza is up for sale at $13 million, or $2,600 psf.
The unit spans 4,930 sq ft, is situated in a “prominent” location and enjoys “high footfall”, according to JLL, marketing agent for the property. It is opposite the mall’s escalators, and is close to tenants such as Popular bookstore, NTUC Finest supermarket and DBS Treasures, the wealth management division of DBS Bank.
The unit is currently tenanted to a commercial school and an ancillary cafe.
Clemence Lee, associate director of JLL, says “units on the ground floor in the mall are usually tightly-held and seldom made available for sale due to them enjoying high visibility and human traffic”. He adds that over the past two years, only two units on the ground floor have been transacted, at $2,614 psf and $2,986 psf respectively.
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Bukit Timah Plaza is a mixed-use development at the intersection of Clementi Road and Upper Bukit Timah Road, and is an eight-minute walk from Beauty World MRT station.
Foreigners are eligible to purchase the commercial property. It will not be subject to Additional Buyer’s Stamp Duty (ABSD) and Seller’s Stamp Duty (SSD).
The expression of interest exercise closes on Nov 28, at 3pm.