Strata commercial space in Jalan Besar for sale at $22 mil
A strata industrial space at a four-storey building positioned in 260 Jalan Besar is up for negotiation at a suggestive price of $22 million. The area figures 4,876 sq ft, which amounts to $4,511 psf. It consists of the land and also 2nd floors of the structure.
Jac Teo, senior company unit head at Knight Frank, says the owner is presently making use of the ground floor area as a showroom for their workplace tools service, while the 2nd level homes office and a meeting room. Teo, along with deputy service unit head Chin Mei Fong, are the exclusive marketing representatives and are collecting expressions of interest for the property, focused to close by early January 2023.
The establishment at 260 Jalan Besar rests on a land area of 5,478 sq ft, with a total build-up area of around 17,243 sq ft. Teo adds that the third and fourth levels, which different homeowners secure, are already being taken as non commercial units. The location of the property at the intersection of Jalan Besar also Plumer Roadway gives the ground floor space a vast, 30m frontage.
Teo claims the future proprietor might also make use of the real property for profit-making purposes, like a display room, or as market or office facilities. He expects the residential property to view eager involvement from a wide range of purchasers, involving home workplaces seeking an assets residence that can offer secure rental returns or F&B operators looking for a real estate with a standout frontage.
The real property is just within walking distance of the Farrer Park MRT Station on the North-East Line also Bendemeer MRT Terminal on the Downtown Line.
He adds that the ground floor area has received in-principle permission for F&B usage. The space on the 2nd floor, which marks 1,819 sq ft, is linked to the ground floor unit through an inner stairs. “There is a good chance that the operator might put on run the level 2 location as private eating place.”