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

Jac Teo, senior business unit head at Knight Frank, states the proprietor is currently utilizing the ground floor space as a display room for their office machines service, while the 2nd level houses workplace plus a conference room. Teo, in addition to sub organization unit head Chin Mei Fong, are the private marketing agents also are collecting expressions of interest for the real estate, targeted to close by early on January 2023.

The building is within walking range of the Farrer Park MRT Terminal on the North-East Line and Bendemeer MRT Station on the Downtown Line.

A strata commercial location at a four-storey building positioned at 260 Jalan Besar is up for sale at a suggestive rate of $22 million. The place measures 4,876 sq ft, which amounts to $4,511 psf. It consists of the land and also second floors of the building.

He incorporates that the ground floor location has actually gotten in-principle confirmation for F&B use. The area on the 2nd level, which marks 1,819 sq ft, is attached to the ground floor unit via an inner staircase. “There is a great chance that the operator could place on run the level 2 location as private dining rooms.”

The property at 260 Jalan Besar sits on a land area of 5,478 sq ft, with an overall build-up part of around 17,243 sq ft. Teo adds that the third and even fourth levels, which various homeowners secure, are already being taken as non commercial units. The site of the property at the intersection of Jalan Besar and Plumer Roadway provides the ground floor location a vast, 30m frontage.

The Atelier Singapore

Teo claims the potential proprietor can also make use of the residential property for profit-making intentions, such as a display room, or as retail store or workplace facilities. He anticipates the building to observe eager attention from different buyers, including home workplaces looking for an assets real estate that can supply stable leasing returns or F&B brokers trying to find a real estate with a visible frontage.

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