Strata commercial space in Jalan Besar for sale at $22 mil
A strata industrial location at a four-storey property situated in 260 Jalan Besar is up for negotiation at an indicative rate of $22 million. The place estimates 4,876 sq ft, which amounts to $4,511 psf. It consists of the ground and second levels of the structure.
The real estate is within walking range of the Farrer Park MRT Terminal on the North-East Line as well as Bendemeer MRT Terminal on the Downtown Line.
Teo says the future proprietor could also utilize the residence for profit-making intentions, like a display room, or as retail or workplace properties. He prepares for the residential property to view keen involvement from various buyers, consisting of family workplaces looking for a venture real estate that can give steady leasing yields or F&B brokers looking for a commercial property with a remarkable frontage.
Jac Teo, chief business unit head at Knight Frank, claims the owner is currently making use of the ground floor area as a display room for their office space equipment service, while the 2nd level residences workplace and a conference room. Teo, in addition to deputy business unit head Chin Mei Fong, are the chosen advertising and marketing representatives also are gathering expressions of interest for the real estate, intended to close by early on January 2023.
The structure at 260 Jalan Besar remains on a land area of 5,478 sq ft, with a total build-up area of around 17,243 sq ft. Teo replies that the 3rd and fourth levels, which various owners hold, are presently being taken as housing units. The area of the building at the junction of Jalan Besar also Plumer Roadway gives the ground floor location a vast, 30m front.
He includes that the ground floor location has actually received in-principle permission for F&B operation. The area on the second floor, which marks 1,819 sq ft, is linked to the ground floor unit with an inner stairs. “There is a likelihood that the operator may put on use the level 2 area as exclusive dining-room.”