Strata commercial space in Jalan Besar for sale at $22 mil
The property at 260 Jalan Besar sits on an acreage of 5,478 sq ft, with a complete build-up part of around 17,243 sq ft. Teo includes that the third along with 4th levels, which various owners secure, are presently being utilized as residence units. The site of the property at the junction of Jalan Besar also Plumer Roadway offers the ground floor location a wide, 30m frontage.
The real estate is inside walking proximity of the Farrer Park MRT Terminal on the North-East Line also Bendemeer MRT Terminal on the Downtown Line.
A strata commercial location at a four-storey structure nestled at 260 Jalan Besar is up for sale at a suggestive price of $22 million. The space figures 4,876 sq ft, which equates to $4,511 psf. It consists of the floor and 2nd floors of the structure.
Teo says the future owner could additionally utilize the residence for economic intentions, just like a display room, or as retail or business office facilities. He prepares for the property to see eager involvement from various customers, involving home offices seeking an assets real estate that can provide stable rental unit returns or F&B operators trying to find a real estate with a standout frontage.
Jac Teo, top business unit head at Knight Frank, states the proprietor is nowadays using the ground floor spot as a showroom for their office equipment business, while the second floor residences workplace and also a meeting room. Teo, along with sub organization unit head Chin Mei Fong, are the exclusive advertising agents and are collecting expressions of interest for the real estate, intended to close by early on January 2023.
He adds that the ground floor space has actually obtained in-principle authorization for F&B operation. The spot on the second level, which estimates 1,819 sq ft, is linked to the ground floor unit via an inner stairs. “There is a likelihood that the operator could put on run the level 2 area as personal dining rooms.”