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

A strata business space at a four-storey establishment located in 260 Jalan Besar is up for sale at a suggestive cost of $22 million. The place estimates 4,876 sq ft, which amounts to $4,511 psf. It makes up the floor and second levels of the establishment.

Jac Teo, top company unit head at Knight Frank, states the manager is nowadays utilizing the ground floor area as a showroom for their office space tools business, while the 2nd level homes workplace and also a meeting room. Teo, together with sub organization unit head Chin Mei Fong, are the chosen advertising and marketing representatives and are gathering expressions of interest for the real estate, targeted to nearby early on January 2023.

Teo says the future owner could additionally use the residential property for profit-making purposes, such as a display room, or as retail or workplace properties. He anticipates the building to view keen attention from various customers, including family workplaces seeking an assets real estate that can give secure leasing yields or F&B operators trying to find a commercial property with a visible frontage.

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

He adds that the ground floor space has actually received in-principle authorization for F&B operation. The area on the 2nd floor, which marks 1,819 sq ft, is attached to the ground floor unit with an interior stairs. “There is a great chance that the operator could place on run the level 2 place as personal dining-room.”

The structure at 260 Jalan Besar rests on a land area of 5,478 sq ft, with a complete build-up area of around 17,243 sq ft. Teo adds that the third and 4th levels, which various property owners secure, are currently being utilized as non commercial units. The site of the real estate at the junction of Jalan Besar also Plumer Roadway offers the ground floor location a wide, 30m frontage.