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

The establishment at 260 Jalan Besar sits on an acreage of 5,478 sq ft, with an overall build-up part of around 17,243 sq ft. Teo includes that the third and even fourth floors, which different homeowners hold, are at the moment being taken as non commercial units. The area of the building at the intersection of Jalan Besar and Plumer Road provides the ground floor area a vast, 30m frontage.

A strata industrial location at a four-storey property located at 260 Jalan Besar is up for negotiation at an indicative cost of $22 million. The area figures 4,876 sq ft, which equals $4,511 psf. It comprises the land and second floorings of the structure.

The building is in just walking distance of the Farrer Park MRT Station on the North-East Line as well as Bendemeer MRT Station on the Downtown Line.

Jac Teo, chief business unit head at Knight Frank, claims the owner is presently utilizing the ground floor area as a showroom for their workplace equipment business, while the second floor residences office and also a meeting room. Teo, in addition to deputy service unit head Chin Mei Fong, are the exclusive advertising and marketing representatives also are collecting expressions of interest for the real property, intended to nearby early January 2023.

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He includes that the ground floor space has actually obtained in-principle confirmation for F&B usage. The space on the second floor, which measures 1,819 sq ft, is linked to the ground floor unit with an internal staircase. “There is a likelihood that the operator could apply to use the level 2 area as private dining rooms.”

Teo says the potential proprietor could likewise utilize the residential property for retail uses, such as a showroom, or as market or workplace properties. He anticipates the residential property to view eager interest from a wide range of purchasers, consisting of family offices seeking a venture property that can supply secure rental unit yields or F&B owners seeking a property with a standout frontage.

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