Strata commercial space in Jalan Besar for sale at $22 mil
Teo states the future proprietor might additionally make use of the residential property for profit-making intentions, for example, a showroom, or as market or business office premises. He expects the residential property to observe eager involvement from a wide range of purchasers, involving family offices seeking an assets property that can give steady rental returns or F&B operators seeking a commercial property with a visible frontage.
Jac Teo, chief operation unit head at Knight Frank, claims the manager is nowadays using the ground floor area as a display room for their office space machines service, while the 2nd level homes office space plus a conference room. Teo, along with sub business unit head Chin Mei Fong, are the exclusive marketing representatives also are collecting expressions of interest for the real estate, targeted to close by early January 2023.
The property at 260 Jalan Besar sits on a land area of 5,478 sq ft, with an overall build-up part of around 17,243 sq ft. Teo replies that the third along with fourth levels, which different owners secure, are at the moment being taken as non commercial units. The site of the building at the intersection of Jalan Besar and Plumer Road offers the ground floor location a wide, 30m front.
He includes that the ground floor space has received in-principle permission for F&B operation. The spot on the 2nd level, which measures 1,819 sq ft, is attached to the ground floor unit via an interior stairs. “There is a good chance that the operator might place on take the level 2 area as private eating place.”
A strata business space at a four-storey establishment positioned at 260 Jalan Besar is up for sale at a suggestive rate of $22 million. The area estimates 4,876 sq ft, which equates to $4,511 psf. It consists of the land and 2nd floors of the building.
The property is in just walking range of the Farrer Park MRT Station on the North-East Line as well as Bendemeer MRT Terminal on the Downtown Line.
