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.
ADVERTISEMENT
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.
Follow Us On
Our Sites
Edgeprop.sg (previously known as The Edge Property Singapore) – is the best property portal for home-seekers, buyers, investors and real estate agents alike in Singapore. On EdgeProp, you will be able to find all the latest news and views, informational guides, historical transactions and rental searches, and research data and analysis.
Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDB flats, landed houses or commercial properties, we bring you Singapore’s the most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions.
Make better decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property and find properties below market value in Singapore. Meanwhile, discover all things en bloc, including Singapore en bloc news, trends and our En Bloc Calculator, which helps to determine the probability of a Singapore project being put up for collective sale.
Web Version 3.7.10
Aside from that, EdgeProp also offers a market trend tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heat map that lets you find out where all Singapore’s most popular property sales locations are, a HDB lease tool that lets you calculate your HDB tenure, an affordability calculator, and a property watch list to track your preferred Singapore property by project or location, as well as new launches.
On the lookout for undervalued property or buying to rent? EdgeProp’s powerful search filters let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools and childcare centres, or a good-value condo with a sea view – so that you find exactly what you are looking for.