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

A strata industrial office at a four-storey building situated at 260 Jalan Besar is up for sale at a suggestive rate of $22 million. The area figures 4,876 sq ft, which amounts to $4,511 psf. It comprises the land and second floors of the building.

Jac Teo, chief business unit head at Knight Frank, states the proprietor is nowadays utilizing the ground floor space as a display room for their workplace tools service, while the 2nd floor houses office space and a meeting room. Teo, along with sub company unit head Chin Mei Fong, are the private marketing representatives and are collecting expressions of interest for the real property, targeted to nearby early January 2023.

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

He includes that the ground floor area has actually received in-principle permission for F&B use. The area on the second flooring, which estimates 1,819 sq ft, is connected to the ground floor unit via an internal stairs. “There is a great chance that the operator could put on use the level 2 place as private dining-room.”

The Arden Qingjian Realty

Teo claims the future proprietor could also make use of the property for retail purposes, for example, a showroom, or as retail or business office premises. He prepares for the residential property to observe keen involvement from various purchasers, including family workplaces seeking a venture property that can offer stable leasing returns or F&B brokers seeking a real estate with a remarkable frontage.

The property at 260 Jalan Besar sits 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 along with fourth levels, which different owners hold, are presently being utilized as residential units. The area of the real estate at the intersection of Jalan Besar and Plumer Roadway provides the ground floor space a vast, 30m frontage.

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