Strata commercial space in Jalan Besar for sale at $22 mil
Jac Teo, top operation unit head at Knight Frank, states the proprietor is presently making use of the ground floor spot as a display room for their workplace equipment service, while the 2nd ground residences workplace and a conference room. Teo, together with sub organization unit head Chin Mei Fong, are the chosen advertising and marketing representatives also are gathering expressions of interest for the real property, intended to close by early January 2023.
He adds that the ground floor space has received in-principle authorization for F&B use. The area on the second level, which estimates 1,819 sq ft, is connected to the ground floor unit through an inner staircase. “There is a likelihood that the operator could put on use the level 2 location as private eating place.”
Teo says the future owner can additionally utilize the residence for commercial uses, for example, a display room, or as market or business office facilities. He expects the property to view keen interest from a wide range of buyers, consisting of family workplaces seeking an investment real estate that can supply secure leasing yields or F&B operators searching for a commercial property with a standout frontage.
The property is within walking distance of the Farrer Park MRT Station on the North-East Line also Bendemeer MRT Terminal on the Downtown Line.
A strata business location at a four-storey structure positioned in 260 Jalan Besar is up for sale at an indicative rate of $22 million. The space estimates 4,876 sq ft, which amounts to $4,511 psf. It comprises the floor and also second levels of the structure.
The establishment at 260 Jalan Besar sits on a land area of 5,478 sq ft, with an overall build-up area of around 17,243 sq ft. Teo adds that the 3rd and even fourth floors, which various owners hold, are at the moment being used as home units. The location of the real estate at the intersection of Jalan Besar including Plumer Roadway offers the ground floor space a large, 30m front.