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

Jac Teo, top operation unit head at Knight Frank, states the proprietor is currently making use of the ground floor spot as a showroom for their office space equipment business, while the second level houses office space and a meeting room. Teo, along with sub business unit head Chin Mei Fong, are the private advertising and marketing agents and are collecting expressions of interest for the real estate, intended to close by early on January 2023.

Teo claims the future proprietor might likewise utilize the residential property for retail purposes, for example, a display room, or as retail store or workplace premises. He expects the residential property to see keen interest from a wide range of purchasers, involving home workplaces looking for an assets property that can offer secure leasing yields or F&B brokers looking for a property with a visible frontage.

The establishment at 260 Jalan Besar sits on an acreage of 5,478 sq ft, with a total build-up part of around 17,243 sq ft. Teo replies that the 3rd and even 4th floors, which various owners secure, are currently being used as non commercial units. The area of the building at the intersection of Jalan Besar including Plumer Roadway provides the ground floor area a wide, 30m frontage.

Lentor Hills Residences floor plan

A strata commercial location at a four-storey structure located at 260 Jalan Besar is up for sale at a suggestive price of $22 million. The area measures 4,876 sq ft, which equals $4,511 psf. It makes up the floor and also second floors of the building.

He includes that the ground floor area has received in-principle confirmation for F&B operation. The area on the 2nd level, which measures 1,819 sq ft, is connected to the ground floor unit through an internal stairs. “There is a good chance that the operator might place on take the level 2 place as private dining-room.”

The property is in just walking distance of the Farrer Park MRT Terminal on the North-East Line and Bendemeer MRT Terminal on the Downtown Line.

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