Strata commercial space in Jalan Besar for sale at $22 mil
Jac Teo, senior business unit head at Knight Frank, states the proprietor is currently utilizing the ground floor space as a showroom for their office machines organization, while the second level residences workplace plus a meeting room. Teo, together with sub company unit head Chin Mei Fong, are the chosen advertising and marketing agents and are collecting expressions of interest for the property, focused to close by early on January 2023.
The establishment at 260 Jalan Besar rests 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 third and 4th levels, which various homeowners hold, are already being used as residential units. The site of the building at the junction of Jalan Besar including Plumer Road gives the ground floor location a broad, 30m frontage.
A strata business place at a four-storey structure located in 260 Jalan Besar is up for negotiation at an indicative rate of $22 million. The place estimates 4,876 sq ft, which amounts to $4,511 psf. It comprises the floor and second floorings of the establishment.
The building is in just walking range of the Farrer Park MRT Terminal on the North-East Line as well as Bendemeer MRT Station on the Downtown Line.
Teo says the potential proprietor can additionally utilize the residential property for economic purposes, such as a display room, or as retail store or office premises. He prepares for the residential property to observe keen involvement from various customers, consisting of home offices looking for an investment residence that can supply secure leasing returns or F&B brokers looking for a property with a standout frontage.
He adds that the ground floor space has actually obtained in-principle authorization for F&B use. The area on the second flooring, which marks 1,819 sq ft, is linked to the ground floor unit via an interior staircase. “There is a good chance that the operator could apply to take the level 2 place as private dining-room.”
