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A commercial space in a strata at the four-storey building in the 260th floor of Jalan Besar is available for sale with an estimated cost of $22 million. The area is 4,876 square feet, that’s equivalent to $4,511 per sq ft. It is comprised of the ground as well as the second floor of the structure.
Jac Teo Jac Teo, associate director of the senior division of the Knight Frank Property Network, says that the owner is using the ground floor to showcase their office equipment business while the second floor contains offices as well as a meeting room. Teo together with Knight Frank Property Network associate deputy division director Chin Mei-Fong, are the sole marketing agents and are attempting to gather interested parties for the property that are expected to be sold in early January 2023.
The building located at the 260th floor of Jalan Besar sits on a surface of 5,478 square feet, with the total built-up area being approximately 17,243 square feet. Teo adds that the fourth and third floors, that are owned by different owners and are being utilized as homes. The position of the property near the intersection of Jalan Besar Road and Plumer Road gives the ground floor an expansive 30m frontage.
The ground floor area has been granted an in principle approval for F&B use. The 2nd floor covers 1,819 square feet and is linked to ground-floor units through an interior staircase. “There is a high chance that the company may want to make use of the second floor area for exclusive dining spaces.”
Teo states that the potential owner may also make use of the property to run a business like an exhibition space, or even as office or retail premises. He expects the property to draw interest from a variety of buyers, including family-owned businesses searching for an investment property that will provide steady rents, or F&B operators seeking the perfect property that has a prominent street frontage.
The property is located within walking distance of Farrer Park MRT Station on the North-East Line and Bendemeer MRT Station on the Downtown Line.