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

Jac Teo, top business unit head at Knight Frank, claims the manager is presently utilizing the ground floor area as a showroom for their office tools organization, while the 2nd floor homes workplace plus a conference room. Teo, in addition to sub company unit head Chin Mei Fong, are the private advertising agents and are collecting expressions of interest for the real estate, intended to close by early on January 2023.

He incorporates that the ground floor location has actually gotten in-principle approval for F&B use. The spot on the second level, which estimates 1,819 sq ft, is attached to the ground floor unit through an internal staircase. “There is a great chance that the operator could apply to use the level 2 location as personal eating place.”

Newport Residences condominium

A strata commercial space at a four-storey establishment nestled at 260 Jalan Besar is up for sale at an indicative price of $22 million. The area estimates 4,876 sq ft, which equals $4,511 psf. It consists of the land and 2nd floorings of the structure.

Teo states the potential proprietor might also make use of the property for commercial purposes, just like a showroom, or as market or office properties. He expects the building to see keen attention from various customers, involving home workplaces looking for an assets property that can give secure rental yields or F&B owners looking for a commercial property with a visible frontage.

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

The building 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 even 4th levels, which different homeowners secure, are at the moment being taken as residence units. The location of the real estate at the intersection of Jalan Besar including Plumer Roadway gives the ground floor space a broad, 30m frontage.