Strata commercial space in Jalan Besar for sale at $22 mil
A strata business location at a four-storey establishment positioned at 260 Jalan Besar is up for sale at an indicative rate of $22 million. The place figures 4,876 sq ft, which equates to $4,511 psf. It makes up the ground and 2nd levels of the structure.
The property at 260 Jalan Besar sits on a land area of 5,478 sq ft, with a complete build-up area of around 17,243 sq ft. Teo replies that the third along with fourth floors, which various owners hold, are at the moment being used as non commercial units. The area of the building at the intersection of Jalan Besar also Plumer Road provides the ground floor location a broad, 30m frontage.
Jac Teo, top company unit head at Knight Frank, says the proprietor is currently making use of the ground floor area as a display room for their office tools service, while the second floor houses office and a meeting room. Teo, in addition to sub service unit head Chin Mei Fong, are the chosen advertising agents also are gathering expressions of interest for the real property, focused to close by early on January 2023.
Teo claims the future owner might likewise make use of the residence for retail intentions, just like a display room, or as retail or business office premises. He expects the property to view eager involvement from different customers, including home offices seeking an assets residence that can supply steady rental returns or F&B operators trying to find a commercial property with a prominent frontage.
The real property is in just walking distance of the Farrer Park MRT Terminal on the North-East Line also Bendemeer MRT Terminal on the Downtown Line.
He includes that the ground floor location has gotten in-principle permission for F&B usage. The area on the second level, which evaluates 1,819 sq ft, is connected to the ground floor unit via an inner staircase. “There is a good chance that the operator could apply to take the level 2 location as exclusive dining rooms.”