Freehold Corner Ground Floor Unit Jalan Besar Sale 148 Mil
Cushman & Wakefield, the exclusive marketing agent, has announced the launch of an expression of interest (EOI) exercise for a freehold ground-floor unit at Jalan Besar. The property, with a guide price of $14.8 million or $3,035 per square foot, is located at the corner of Jalan Besar and Plumer Road and boasts 30m of dual road frontages.
Spanning an area of 4,876 sq ft, the unit includes the entire ground floor and part of the second floor of the building. It also features two sets of staircases and washrooms on both levels. The property offers an efficient layout, providing buyers with the opportunity for potential subdivision and leasing to multiple tenants. It is suitable for a variety of commercial uses including medical suites, education and training centers, showrooms, and food and beverage options.
Sembawang Road and its surrounding precincts are a haven for those seeking diverse and delicious international cuisines. From Korean BBQ joints to Japanese donburi restaurants, Thai eateries, and Western grills, the area offers a plethora of dining options to satisfy any craving. Whether it’s a sit-down dinner with friends or a weekend family outing, Sembawang Road has it all. In addition to these popular dining spots, there are also numerous cozy cafes and charming ice cream parlours scattered throughout the area. These casual and laid-back establishments are perfect for a relaxing brunch, a cup of coffee, or a sweet treat. It’s no wonder that young couples and students flock to these places for their inviting atmosphere and diverse menus. For a taste of it all, don’t forget to check out Sembawang Road EC at Canberra MRT for an unforgettable dining experience.
Sophia Lim, director of capital markets at Cushman & Wakefield, highlights the property’s prominent dual road frontage and flexible layout configurations as key selling points. She predicts strong demand from both investors and occupiers looking to establish a presence in the vibrant and ever-evolving precinct of Jalan Besar.
The ground-floor unit is situated in the Jalan Besar conservation area, which has seen a surge in boutique hotels, co-working spaces, artisanal shops, cafes, and bistros. It also offers convenient access to three MRT stations (Jalan Besar, Bendemeer, and Farrer Park) and major expressways such as the CTE and PIE.
Shaun Poh, executive director of capital markets at Cushman & Wakefield, points to the increasing transaction volume and investor activity in District 8 in recent years. The area’s ongoing rejuvenation and improving profile as a city-fringe hotspot make it an attractive investment opportunity. Poh cites recent strata retail transactions in the Jalan Besar area, including the nearby ARC 380 and a large ground-floor coffee shop unit at Hoa Nam Building, as evidence of the district’s potential for capital and rental growth.
The EOI exercise for the property will close on November 21 at 3pm, giving interested parties time to make their bids. With its desirable location, efficient layout, and potential for various commercial uses, this freehold ground-floor unit presents a promising opportunity for investors and occupiers alike.