Strata commercial space in Jalan Besar for sale at $22 mil
The real property is just within walking proximity of the Farrer Park MRT Station on the North-East Line and also Bendemeer MRT Terminal on the Downtown Line.
The establishment at 260 Jalan Besar remains on an acreage of 5,478 sq ft, with an overall build-up area of around 17,243 sq ft. Teo includes that the 3rd and fourth floors, which various homeowners hold, are presently being utilized as home units. The place of the building at the crossway of Jalan Besar also Plumer Road gives the ground floor location a vast, 30m front.
Jac Teo, chief company unit head at Knight Frank, says the manager is currently utilizing the ground floor spot as a showroom for their office space equipment organization, while the 2nd ground residences office space and also a conference room. Teo, along with sub business unit head Chin Mei Fong, are the chosen advertising representatives also are gathering expressions of interest for the real property, intended to close by early January 2023.
He includes that the ground floor location has gotten in-principle approval for F&B usage. The spot on the 2nd floor, which measures 1,819 sq ft, is connected to the ground floor unit through an internal staircase. “There is a good chance that the operator might apply to use the level 2 place as private dining-room.”
A strata industrial location at a four-storey establishment situated at 260 Jalan Besar is up for negotiation at a suggestive rate of $22 million. The place measures 4,876 sq ft, which amounts to $4,511 psf. It comprises the floor as well as 2nd floorings of the structure.
Teo claims the potential proprietor might also make use of the property for economic purposes, just like a showroom, or as retail store or business office facilities. He prepares for the property to see keen involvement from a wide range of purchasers, consisting of family offices looking for an investment residence that can give stable leasing returns or F&B operators trying to find a property with a visible frontage.