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

The establishment at 260 Jalan Besar sits on a land area of 5,478 sq ft, with an overall build-up location of around 17,243 sq ft. Teo includes that the 3rd and fourth floors, which various homeowners secure, are already being taken as non commercial units. The area of the real estate at the crossway of Jalan Besar also Plumer Road provides the ground floor area a vast, 30m frontage.

Jac Teo, top operation unit head at Knight Frank, states the manager is nowadays using the ground floor area as a display room for their workplace machines organization, while the second floor houses office space plus a meeting room. Teo, together with sub business unit head Chin Mei Fong, are the chosen advertising representatives and are gathering expressions of interest for the property, intended to nearby early on January 2023.

He adds that the ground floor area has actually received in-principle permission for F&B usage. The space on the second floor, which estimates 1,819 sq ft, is linked to the ground floor unit through an interior staircase. “There is a good chance that the operator might place on run the level 2 location as exclusive dining-room.”

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The real property is inside walking range of the Farrer Park MRT Terminal on the North-East Line as well as Bendemeer MRT Terminal on the Downtown Line.

Teo claims the potential owner could also utilize the residence for economic uses, just like a showroom, or as retail store or business office properties. He prepares for the residential property to view keen attention from different customers, consisting of family workplaces seeking an assets real estate that can offer stable leasing yields or F&B owners trying to find a property with a remarkable frontage.

A strata business location at a four-storey property located in 260 Jalan Besar is up for sale at an indicative rate of $22 million. The space figures 4,876 sq ft, which equates to $4,511 psf. It comprises the ground and also 2nd floorings of the structure.

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