Strata commercial space in Jalan Besar for sale at $22 mil
The property at 260 Jalan Besar sits on a land area of 5,478 sq ft, with a complete build-up part of around 17,243 sq ft. Teo replies that the 3rd along with 4th floors, which different homeowners hold, are at the moment being utilized as residence units. The site of the real estate at the junction of Jalan Besar also Plumer Road gives the ground floor location a large, 30m frontage.
A strata business office at a four-storey property positioned in 260 Jalan Besar is up for negotiation at a suggestive price of $22 million. The space estimates 4,876 sq ft, which equates to $4,511 psf. It consists of the land and second floorings of the building.
He includes that the ground floor space has actually received in-principle confirmation for F&B use. The space on the second floor, which evaluates 1,819 sq ft, is connected to the ground floor unit with an internal stairs. “There is a likelihood that the operator might apply to take the level 2 area as exclusive eating place.”
The real property is within walking range of the Farrer Park MRT Terminal on the North-East Line and Bendemeer MRT Station on the Downtown Line.
Teo claims the potential proprietor could additionally utilize the real property for economic purposes, like a display room, or as retail or workplace premises. He anticipates the residential property to see keen attention from a wide range of buyers, consisting of home offices looking for an assets property that can offer secure rental yields or F&B brokers searching for a real estate with a prominent frontage.
Jac Teo, top company unit head at Knight Frank, claims the proprietor is nowadays using the ground floor spot as a display room for their office space tools organization, while the 2nd level residences office space plus a meeting room. Teo, in addition to deputy service unit head Chin Mei Fong, are the chosen marketing agents also are collecting expressions of interest for the real property, intended to nearby early January 2023.
