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

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

Teo states the future owner can likewise use the residential property for economic purposes, such as a display room, or as retail store or office properties. He anticipates the residential property to see keen involvement from a wide range of buyers, including home workplaces looking for an investment real estate that can provide steady rental unit yields or F&B brokers looking for a commercial property with a visible frontage.

Avenir Condo Guocoland and Hong Leong

He includes that the ground floor area has actually received in-principle approval for F&B use. The spot on the 2nd floor, which marks 1,819 sq ft, is connected to the ground floor unit with an inner stairs. “There is a likelihood that the operator could put on use the level 2 location as exclusive dining-room.”

The building at 260 Jalan Besar sits on an acreage of 5,478 sq ft, with a total build-up place of around 17,243 sq ft. Teo includes that the 3rd and even fourth levels, which various homeowners secure, are already being used as non commercial units. The place of the property at the junction of Jalan Besar including Plumer Road gives the ground floor area a large, 30m frontage.

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

Jac Teo, chief company unit head at Knight Frank, says the owner is presently making use of the ground floor spot as a showroom for their office space tools business, while the second floor homes office space plus a conference room. Teo, in addition to deputy company unit head Chin Mei Fong, are the private marketing representatives and are collecting expressions of interest for the real estate, focused to close by early on January 2023.

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