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

A strata commercial office at a four-storey building nestled at 260 Jalan Besar is up for negotiation at an indicative rate of $22 million. The place estimates 4,876 sq ft, which equals $4,511 psf. It makes up the floor and second floorings of the building.

He includes that the ground floor location has obtained in-principle confirmation for F&B operation. The area on the 2nd floor, which evaluates 1,819 sq ft, is connected to the ground floor unit with an interior stairs. “There is a likelihood that the operator might put on run the level 2 place as exclusive dining rooms.”

Teo states the potential proprietor can likewise utilize the residential property for commercial intentions, like a display room, or as retail or workplace premises. He expects the property to see eager interest from various buyers, including family workplaces seeking a venture real estate that can offer stable rental unit returns or F&B operators looking for a real estate with a prominent frontage.

Jac Teo, senior operation unit head at Knight Frank, says the manager is presently utilizing the ground floor area as a display room for their office tools business, while the second level houses office and a conference room. Teo, together with sub organization unit head Chin Mei Fong, are the private advertising representatives and are gathering expressions of interest for the real property, focused to close by early on January 2023.

The property at 260 Jalan Besar remains on an acreage of 5,478 sq ft, with a complete build-up part of around 17,243 sq ft. Teo adds that the third and fourth floors, which various property owners secure, are currently being used as residential units. The place of the real estate at the crossway of Jalan Besar including Plumer Roadway offers the ground floor location a broad, 30m front.

Klimt Cairnhill showflat location

The property is in just walking proximity of the Farrer Park MRT Terminal on the North-East Line and also Bendemeer MRT Terminal on the Downtown Line.

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