Strata commercial space in Jalan Besar for sale at $22 mil
The structure at 260 Jalan Besar sits on an acreage of 5,478 sq ft, with a total build-up location of around 17,243 sq ft. Teo adds that the third and even 4th floors, which various property owners hold, are at the moment being used as residence units. The area of the property at the crossway of Jalan Besar also Plumer Road gives the ground floor location a large, 30m front.
He includes that the ground floor space has gotten in-principle approval for F&B usage. The area on the second flooring, which estimates 1,819 sq ft, is connected to the ground floor unit through an interior stairs. “There is a likelihood that the operator might put on use the level 2 place as personal eating place.”
The real estate is in just walking proximity of the Farrer Park MRT Terminal on the North-East Line as well as Bendemeer MRT Station on the Downtown Line.
Jac Teo, chief company unit head at Knight Frank, says the owner is nowadays utilizing the ground floor space as a display room for their office space equipment organization, while the 2nd ground homes office space and also a conference room. Teo, together with sub company unit head Chin Mei Fong, are the private advertising agents and are gathering expressions of interest for the real property, focused to nearby early January 2023.
Teo states the future owner can additionally utilize the residence for profit-making intentions, like a showroom, or as retail or workplace facilities. He prepares for the property to see keen involvement from a wide range of buyers, involving family offices looking for an assets real estate that can give stable leasing yields or F&B operators searching for a property with a visible frontage.
A strata industrial space at a four-storey building located at 260 Jalan Besar is up for sale at an indicative price of $22 million. The area measures 4,876 sq ft, which amounts to $4,511 psf. It makes up the floor as well as second floors of the building.
