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

The structure at 260 Jalan Besar rests on an acreage of 5,478 sq ft, with an overall build-up location of around 17,243 sq ft. Teo includes that the third and even fourth levels, which various homeowners hold, are at the moment being utilized as residence units. The place of the property at the crossway of Jalan Besar including Plumer Roadway provides the ground floor area a vast, 30m frontage.

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

Hyll on Holland condo floor plan

He incorporates that the ground floor space has actually obtained in-principle authorization for F&B operation. The spot on the second level, which estimates 1,819 sq ft, is connected to the ground floor unit with an inner staircase. “There is a good chance that the operator might place on use the level 2 area as exclusive eating place.”

A strata business place at a four-storey establishment positioned in 260 Jalan Besar is up for sale at a suggestive cost of $22 million. The place figures 4,876 sq ft, which equates to $4,511 psf. It makes up the land as well as second floorings of the building.

Jac Teo, senior business unit head at Knight Frank, states the manager is nowadays using the ground floor area as a display room for their workplace machines business, while the 2nd ground houses workplace and also a meeting room. Teo, along with sub business unit head Chin Mei Fong, are the chosen marketing agents and are collecting expressions of interest for the real estate, targeted to nearby early on January 2023.

Teo claims the future proprietor can additionally make use of the residential property for economic uses, such as a showroom, or as retail store or office facilities. He anticipates the property to view keen involvement from a wide range of buyers, consisting of family offices looking for an assets property that can supply stable leasing returns or F&B brokers trying to find a property with a prominent frontage.

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