Strata commercial space in Jalan Besar for sale at $22 mil
Jac Teo, senior operation unit head at Knight Frank, says the manager is nowadays using the ground floor area as a display room for their office machines business, while the second level homes office plus a conference room. Teo, in addition to sub business unit head Chin Mei Fong, are the private advertising agents and are collecting expressions of interest for the real estate, focused to nearby early on January 2023.
Teo claims the future owner might additionally use the residence for commercial purposes, just like a display room, or as retail or workplace properties. He anticipates the building to view eager attention from various purchasers, involving home workplaces looking for an assets property that can offer stable leasing yields or F&B operators looking for a property with a remarkable frontage.
He incorporates that the ground floor location has actually received in-principle confirmation for F&B usage. The spot on the 2nd flooring, which measures 1,819 sq ft, is connected to the ground floor unit through an internal staircase. “There is a great chance that the operator could put on take the level 2 place as private dining-room.”
A strata commercial space at a four-storey property situated in 260 Jalan Besar is up for sale at an indicative price of $22 million. The place figures 4,876 sq ft, which amounts to $4,511 psf. It makes up the land and 2nd levels of the structure.
The property at 260 Jalan Besar sits on an acreage of 5,478 sq ft, with an overall build-up area of around 17,243 sq ft. Teo adds that the 3rd along with 4th floors, which various property owners hold, are at the moment being used as residence units. The area of the real estate at the crossway of Jalan Besar including Plumer Road offers the ground floor location a large, 30m frontage.
The building is within walking distance of the Farrer Park MRT Terminal on the North-East Line also Bendemeer MRT Station on the Downtown Line.