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

A strata business space at a four-storey property located in 260 Jalan Besar is up for sale at a suggestive rate of $22 million. The space estimates 4,876 sq ft, which equates to $4,511 psf. It makes up the land and also second levels of the building.

He incorporates that the ground floor space has actually obtained in-principle permission for F&B operation. The space on the 2nd flooring, which marks 1,819 sq ft, is attached to the ground floor unit with an internal staircase. “There is a great chance that the operator may apply to use the level 2 place as personal eating place.”

The real estate is in just walking range of the Farrer Park MRT Terminal on the North-East Line and Bendemeer MRT Terminal on the Downtown Line.

The M Condo price

Jac Teo, senior operation unit head at Knight Frank, states the owner is currently using the ground floor area as a display room for their office tools business, while the 2nd level residences office and a conference room. Teo, in addition to deputy company unit head Chin Mei Fong, are the chosen advertising representatives also are collecting expressions of interest for the real estate, intended to close by early on January 2023.

The establishment at 260 Jalan Besar sits on a land area of 5,478 sq ft, with a complete build-up location of around 17,243 sq ft. Teo replies that the 3rd and 4th levels, which various homeowners secure, are currently being taken as residential units. The area of the property at the crossway of Jalan Besar also Plumer Roadway offers the ground floor location a vast, 30m frontage.

Teo says the future proprietor could additionally utilize the real property for profit-making uses, such as a showroom, or as retail store or business office properties. He prepares for the property to view eager interest from various buyers, including family offices looking for an assets residence that can give stable leasing yields or F&B owners trying to find a commercial property with a standout frontage.

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