Strata commercial space in Jalan Besar for sale at $22 mil
Jac Teo, senior company unit head at Knight Frank, says the manager is presently using the ground floor spot as a display room for their office tools service, while the second ground homes office plus a meeting room. Teo, in addition to deputy company unit head Chin Mei Fong, are the exclusive advertising agents and are gathering expressions of interest for the real estate, focused to nearby early January 2023.
The building at 260 Jalan Besar rests on an acreage of 5,478 sq ft, with a total build-up area of around 17,243 sq ft. Teo replies that the 3rd along with 4th levels, which various homeowners hold, are currently being taken as home units. The area of the property at the junction of Jalan Besar including Plumer Road offers the ground floor area a large, 30m front.
A strata industrial office at a four-storey establishment nestled at 260 Jalan Besar is up for negotiation at an indicative cost of $22 million. The space figures 4,876 sq ft, which equates to $4,511 psf. It makes up the floor and 2nd floorings of the establishment.
The real property is inside walking proximity of the Farrer Park MRT Station on the North-East Line also Bendemeer MRT Station on the Downtown Line.
Teo says the potential proprietor can additionally make use of the residence for commercial intentions, such as a display room, or as retail or workplace properties. He expects the building to see eager interest from different customers, including family offices looking for an investment residence that can supply stable rental unit returns or F&B operators trying to find a real estate with a remarkable frontage.
He adds that the ground floor space has obtained in-principle authorization for F&B operation. The spot on the second floor, which evaluates 1,819 sq ft, is linked to the ground floor unit through an inner stairs. “There is a good chance that the operator may put on use the level 2 location as private dining rooms.”