Strata commercial space in Jalan Besar for sale at $22 mil
A strata business location at a four-storey building situated in 260 Jalan Besar is up for sale at an indicative price of $22 million. The space measures 4,876 sq ft, which equates to $4,511 psf. It consists of the land and 2nd floorings of the building.
He includes that the ground floor location has gotten in-principle authorization for F&B usage. The spot on the second flooring, which evaluates 1,819 sq ft, is attached to the ground floor unit with an interior staircase. “There is a good chance that the operator might put on use the level 2 location as exclusive dining-room.”
The property at 260 Jalan Besar rests on an acreage of 5,478 sq ft, with an overall build-up place of around 17,243 sq ft. Teo adds that the third and even fourth levels, which different owners secure, are at the moment being utilized as residential units. The site of the building at the intersection of Jalan Besar also Plumer Road provides the ground floor space a vast, 30m front.
The property is just within walking distance of the Farrer Park MRT Terminal on the North-East Line also Bendemeer MRT Terminal on the Downtown Line.
Jac Teo, top operation unit head at Knight Frank, says the manager is currently making use of the ground floor spot as a display room for their office machines service, while the 2nd ground homes workplace plus a meeting room. Teo, along with sub company unit head Chin Mei Fong, are the chosen advertising agents also are gathering expressions of interest for the property, targeted to close by early January 2023.
Teo says the future proprietor might likewise use the residential property for economic uses, such as a showroom, or as retail store or workplace premises. He prepares for the residential property to observe keen involvement from different buyers, consisting of family offices seeking an investment property that can give stable rental unit yields or F&B brokers searching for a property with a standout frontage.