Strata commercial space in Jalan Besar for sale at $22 mil
A strata business place at a four-storey structure located in 260 Jalan Besar is up for sale at an indicative rate of $22 million. The space figures 4,876 sq ft, which equals $4,511 psf. It comprises the ground and also second floorings of the structure.
Teo says the future owner might likewise make use of the residential property for commercial intentions, like a display room, or as market or business office premises. He prepares for the property to observe eager interest from various buyers, including family offices looking for an assets residence that can give stable leasing returns or F&B owners looking for a property with a prominent frontage.
The real property is just within walking proximity of the Farrer Park MRT Terminal on the North-East Line and also Bendemeer MRT Terminal on the Downtown Line.
He incorporates that the ground floor space has actually obtained in-principle approval for F&B usage. The space on the second 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 may put on take the level 2 place as private eating place.”
Jac Teo, chief company unit head at Knight Frank, claims the owner is nowadays utilizing the ground floor spot as a showroom for their office space tools service, while the second level residences office and also a meeting room. Teo, together with sub organization unit head Chin Mei Fong, are the private marketing agents and are gathering expressions of interest for the property, targeted to nearby early January 2023.
The building at 260 Jalan Besar rests on a land area of 5,478 sq ft, with a complete build-up part of around 17,243 sq ft. Teo replies that the 3rd along with fourth levels, which different owners secure, are presently being used as housing units. The area of the property at the intersection of Jalan Besar and Plumer Road provides the ground floor space a broad, 30m front.
