Strata commercial space in Jalan Besar for sale at $22 mil
The property at 260 Jalan Besar remains on a land area of 5,478 sq ft, with an overall build-up location of around 17,243 sq ft. Teo adds that the 3rd along with 4th floors, which different homeowners hold, are currently being taken as housing units. The area of the building at the junction of Jalan Besar including Plumer Road offers the ground floor space a broad, 30m frontage.
He includes that the ground floor location has actually gotten in-principle confirmation for F&B usage. The spot on the second flooring, which measures 1,819 sq ft, is connected to the ground floor unit via an internal stairs. “There is a great chance that the operator might put on use the level 2 place as personal eating place.”
The real property is inside walking distance of the Farrer Park MRT Terminal on the North-East Line and Bendemeer MRT Terminal on the Downtown Line.
Jac Teo, senior operation unit head at Knight Frank, says the proprietor is currently making use of the ground floor spot as a showroom for their office equipment business, while the 2nd floor homes office and also a meeting room. Teo, along with sub organization unit head Chin Mei Fong, are the exclusive advertising and marketing agents and are collecting expressions of interest for the property, targeted to close by early on January 2023.
A strata commercial office at a four-storey property positioned in 260 Jalan Besar is up for sale at a suggestive rate of $22 million. The area measures 4,876 sq ft, which amounts to $4,511 psf. It comprises the land and also second floors of the establishment.
Teo states the future proprietor might additionally make use of the residence for retail uses, just like a showroom, or as retail or workplace properties. He prepares for the residential property to see keen involvement from different purchasers, involving home workplaces seeking an investment property that can supply secure rental unit yields or F&B operators searching for a commercial property with a visible frontage.