Strata commercial space in Jalan Besar for sale at $22 mil

Jac Teo, senior business unit head at Knight Frank, claims the owner is currently making use of the ground floor spot as a display room for their office space machines service, while the second ground homes workplace and a conference room. Teo, together with deputy business unit head Chin Mei Fong, are the chosen marketing agents and are gathering expressions of interest for the real property, intended to close by early on January 2023.

Teo says the potential proprietor can also make use of the residence for profit-making purposes, like a display room, or as retail or business office premises. He anticipates the residential property to view keen involvement from different buyers, including home offices looking for an assets residence that can offer steady rental unit returns or F&B brokers looking for a property with a remarkable frontage.

The real estate is within walking proximity of the Farrer Park MRT Station on the North-East Line and Bendemeer MRT Station on the Downtown Line.

A strata commercial place at a four-storey property situated in 260 Jalan Besar is up for sale at a suggestive rate of $22 million. The place estimates 4,876 sq ft, which equals $4,511 psf. It consists of the floor and also second floors of the establishment.

The structure at 260 Jalan Besar rests on an acreage of 5,478 sq ft, with an overall build-up area of around 17,243 sq ft. Teo includes that the 3rd and even fourth levels, which various owners secure, are presently being used as home units. The site of the building at the intersection of Jalan Besar and Plumer Roadway provides the ground floor location a vast, 30m front.

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He includes that the ground floor area has actually gotten in-principle permission for F&B usage. The area on the 2nd floor, which measures 1,819 sq ft, is linked to the ground floor unit through an inner stairs. “There is a likelihood that the operator could place on run the level 2 location as personal dining rooms.”

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