Strata commercial space in Jalan Besar for sale at $22 mil
The property at 260 Jalan Besar sits on a land area of 5,478 sq ft, with a total build-up location of around 17,243 sq ft. Teo replies that the 3rd and fourth floors, which various owners hold, are at the moment being utilized as housing units. The site of the real estate at the junction of Jalan Besar also Plumer Roadway gives the ground floor space a large, 30m front.
The real property is in just walking range of the Farrer Park MRT Station on the North-East Line also Bendemeer MRT Terminal on the Downtown Line.
Jac Teo, senior business unit head at Knight Frank, states the manager is nowadays utilizing the ground floor space as a showroom for their workplace tools business, while the 2nd ground houses office space and also a meeting room. Teo, in addition to deputy business unit head Chin Mei Fong, are the private marketing agents also are collecting expressions of interest for the real property, intended to nearby early on January 2023.
Teo says the potential owner can additionally utilize the residential property for commercial uses, such as a showroom, or as market or office facilities. He expects the property to view keen interest from different customers, involving family offices looking for an investment residence that can provide steady rental unit yields or F&B owners seeking a property with a standout frontage.
He incorporates that the ground floor space has gotten in-principle permission for F&B usage. The area on the 2nd level, which measures 1,819 sq ft, is attached to the ground floor unit via an interior staircase. “There is a likelihood that the operator might apply to run the level 2 area as personal dining rooms.”
A strata business place at a four-storey property nestled in 260 Jalan Besar is up for negotiation at a suggestive price of $22 million. The area estimates 4,876 sq ft, which equates to $4,511 psf. It consists of the floor and also 2nd floors of the structure.