Strata commercial space in Jalan Besar for sale at $22 mil
The establishment at 260 Jalan Besar sits on a land area of 5,478 sq ft, with an overall build-up location of around 17,243 sq ft. Teo replies that the third and fourth floors, which different owners hold, are already being used as home units. The area of the real estate at the junction of Jalan Besar including Plumer Road gives the ground floor space a broad, 30m front.
The Hill @ One North Kingsford Development Pte Ltd
Jac Teo, top company unit head at Knight Frank, states the proprietor is nowadays utilizing the ground floor spot as a showroom for their office machines organization, while the 2nd level residences office space plus a meeting room. Teo, together with sub business unit head Chin Mei Fong, are the private marketing representatives and are gathering expressions of interest for the real estate, focused to nearby early on January 2023.
Teo claims the future owner could additionally make use of the residential property for profit-making uses, like a showroom, or as market or business office premises. He expects the residential property to view keen involvement from a wide range of purchasers, consisting of family offices looking for an assets residence that can offer steady leasing returns or F&B brokers trying to find a real estate with a remarkable frontage.
The real property is in just walking distance of the Farrer Park MRT Station on the North-East Line and Bendemeer MRT Station on the Downtown Line.
He adds that the ground floor space has actually obtained in-principle authorization for F&B usage. The area on the 2nd flooring, which marks 1,819 sq ft, is attached to the ground floor unit via an internal stairs. “There is a great chance that the operator could apply to run the level 2 location as personal dining-room.”
A strata industrial location at a four-storey establishment positioned in 260 Jalan Besar is up for negotiation at a suggestive price of $22 million. The space estimates 4,876 sq ft, which equals $4,511 psf. It consists of the land and also 2nd levels of the structure.
