Basement restaurant approved strata unit for sale for $11m
The unit has a total strata area of approximately 3,391 sq ft.
A prime basement restaurant approved strata unit is for sale for $11m in Bukit Timah Plaza.
Facing the main central plaza of the retail complex, the unit approved for restaurant usage is in basement two and enjoys excellent visibility with its approximate 20-metre wide frontage. The unit has a total strata area of approximately 3,391 sq ft and is currently fully leased.
Bukit Timah Plaza is a mixed-use development that was completed in 1979 and comprises a four-storey retail block and two apartment blocks with 269 residential units named Sherwood Towers. Currently sitting on an island plot site enveloped by the Pan-Island Expressway (PIE), Jalan Anak Bukit and Upper Bukit Timah Road, Bukit Timah Plaza is one of Singapore’s first comprehensive mixed-use development outside of the city centre in the late 1970s that served as a one-stop retail destination for residents in the vicinity.
The sale will be conducted through an Expression of Interest exercise, which closes on 29 September 2022 at 3 PM. Foreigners are eligible to purchase with no Additional Buyer’s Stamp Duty (ABSD) or Seller’s Stamp Duty (SSD) imposed on the commercial property transaction.
CBRE is assigned as the exclusive marketing agent for the sale.