Strata commercial space in Jalan Besar for sale at $22 mil
Jac Teo, chief business unit head at Knight Frank, states the owner is presently using the ground floor area as a display room for their office machines service, while the second level homes workplace and also a meeting room. Teo, along with sub business unit head Chin Mei Fong, are the private advertising and marketing representatives also are gathering expressions of interest for the real estate, focused to nearby early January 2023.
Teo says the future owner could additionally make use of the real property for retail purposes, for example, a display room, or as retail or workplace properties. He prepares for the building to observe eager involvement from a wide range of buyers, including family offices seeking an assets property that can provide steady rental unit yields or F&B operators looking for a property with a standout frontage.
The building at 260 Jalan Besar sits on a land area of 5,478 sq ft, with a total build-up area of around 17,243 sq ft. Teo adds that the third and even 4th levels, which different owners secure, are presently being used as non commercial units. The place of the property at the crossway of Jalan Besar and Plumer Road offers the ground floor space a broad, 30m front.
A strata business location at a four-storey building nestled in 260 Jalan Besar is up for sale at an indicative cost of $22 million. The space measures 4,876 sq ft, which equals $4,511 psf. It comprises the ground and also second floorings of the building.
The real property is within walking distance of the Farrer Park MRT Station on the North-East Line as well as Bendemeer MRT Terminal on the Downtown Line.
He incorporates that the ground floor space has received in-principle permission for F&B usage. The spot on the 2nd flooring, which evaluates 1,819 sq ft, is attached to the ground floor unit through an inner staircase. “There is a good chance that the operator might put on take the level 2 location as exclusive dining-room.”