Strata commercial space in Jalan Besar for sale at $22 mil
The building at 260 Jalan Besar rests on an acreage of 5,478 sq ft, with a total build-up part of around 17,243 sq ft. Teo replies that the third along with 4th levels, which various owners secure, are already being used as non commercial units. The location of the building at the junction of Jalan Besar and Plumer Roadway gives the ground floor space a large, 30m frontage.
Teo claims the potential owner might also make use of the property for retail intentions, just like a display room, or as retail store or business office properties. He expects the building to view eager attention from different buyers, involving family offices seeking a venture real estate that can provide stable rental unit yields or F&B brokers looking for a commercial property with a remarkable frontage.
The property is just within walking distance of the Farrer Park MRT Terminal on the North-East Line also Bendemeer MRT Station on the Downtown Line.
Jac Teo, chief business unit head at Knight Frank, says the manager is presently utilizing the ground floor area as a showroom for their workplace machines service, while the 2nd floor residences workplace plus a conference room. Teo, along with deputy company unit head Chin Mei Fong, are the private marketing representatives also are gathering expressions of interest for the property, targeted to nearby early on January 2023.
A strata industrial location at a four-storey structure situated at 260 Jalan Besar is up for negotiation at an indicative price of $22 million. The space estimates 4,876 sq ft, which amounts to $4,511 psf. It comprises the floor and 2nd floors of the structure.
He incorporates that the ground floor location has actually gotten in-principle approval for F&B operation. The spot on the second level, which measures 1,819 sq ft, is linked to the ground floor unit with an inner staircase. “There is a great chance that the operator may place on take the level 2 area as exclusive dining-room.”