Strata commercial space in Jalan Besar for sale at $22 mil
Jac Teo, chief business unit head at Knight Frank, states the manager is presently using the ground floor spot as a display room for their office space equipment business, while the 2nd floor houses office space plus a meeting room. Teo, together with sub service unit head Chin Mei Fong, are the chosen advertising agents and are gathering expressions of interest for the real estate, targeted to nearby early January 2023.
He incorporates that the ground floor location has gotten in-principle approval for F&B usage. The space on the second floor, which estimates 1,819 sq ft, is attached to the ground floor unit through an interior staircase. “There is a likelihood that the operator could put on run the level 2 place as personal dining rooms.”
The property is inside walking distance of the Farrer Park MRT Station on the North-East Line and also Bendemeer MRT Station on the Downtown Line.
The establishment at 260 Jalan Besar remains on a land area of 5,478 sq ft, with a total build-up location of around 17,243 sq ft. Teo adds that the 3rd along with fourth floors, which different property owners hold, are already being used as non commercial units. The place of the real estate at the intersection of Jalan Besar and Plumer Roadway gives the ground floor area a wide, 30m frontage.
A strata business location at a four-storey structure positioned in 260 Jalan Besar is up for negotiation at a suggestive cost of $22 million. The place figures 4,876 sq ft, which equals $4,511 psf. It consists of the ground and also second levels of the structure.
Teo claims the future owner could additionally use the residence for retail intentions, such as a display room, or as market or office premises. He anticipates the building to see keen interest from a wide range of buyers, involving home workplaces looking for a venture real estate that can give stable rental unit returns or F&B owners searching for a property with a visible frontage.
