Strata commercial space in Jalan Besar for sale at $22 mil
Jac Teo, chief operation unit head at Knight Frank, states the owner is presently utilizing the ground floor area as a display room for their office space equipment service, while the second floor homes office space plus a conference room. Teo, along with sub service unit head Chin Mei Fong, are the exclusive advertising and marketing agents and are gathering expressions of interest for the real estate, focused to nearby early January 2023.
A strata business office at a four-storey establishment nestled at 260 Jalan Besar is up for negotiation at an indicative cost of $22 million. The space figures 4,876 sq ft, which amounts to $4,511 psf. It consists of the ground and also second floors of the structure.
He incorporates that the ground floor area has received in-principle confirmation for F&B usage. The area on the 2nd flooring, which estimates 1,819 sq ft, is attached to the ground floor unit via an internal stairs. “There is a good chance that the operator could put on use the level 2 place as private dining-room.”
The real estate is in just walking proximity of the Farrer Park MRT Terminal on the North-East Line and Bendemeer MRT Station on the Downtown Line.
Teo states the potential owner could additionally make use of the residence for economic uses, for example, a display room, or as retail or office premises. He prepares for the property to view eager involvement from different customers, consisting of family offices looking for an assets residence that can offer steady leasing returns or F&B operators seeking a real estate with a prominent frontage.
The structure at 260 Jalan Besar rests on a land area of 5,478 sq ft, with an overall build-up location of around 17,243 sq ft. Teo adds that the third along with fourth floors, which various property owners hold, are currently being utilized as home units. The place of the real estate at the intersection of Jalan Besar including Plumer Roadway provides the ground floor area a vast, 30m front.