HDB commercial strata unit in Bedok North going for $24 mil
The HDB unit is going to be marketed through an expression of interest exercise that finalizes on July 10.
The location draws in young, upscale citizens, helping the investment by placing it for flexible mid- to lengthy leasing. Footfall is even sustained by neighboring business hubs like Changi Business Park and ESR Biz Park @ Chai Chee.
“These types of business HDB assets with huge floor plates in older neighbourhoods are limited and have solid hiring need from various occupant accounts, including schools, agencies and workplaces,” states Michael Tay, head of capital markets, Singapore, at CBRE. He includes the unit is already subleased to Singapore Pools Betting Centre, featuring a desirable investment opportunity with a recognized tenant.
A commercial strata unit at 215 Bedok North Street 1 goes on the market for $24 million, with CBRE as the restricted marketing agent. The unit, on the second ground of a two-storey retail building, has a strata space of 16,178 sq ft and the suggestive guide cost works out to $1,483 psf on the strata area. Business and immigrants can buy the subject building without any additional customer’s or vendor’s stamp obligation placed on the sale.
Situated in the Bedok Town Centre precinct, the unit is around numerous area services, providing Bedok Market and Hawker Centre, Bedok Public Library and Kampong Chai Chee Neighborhood Centre. It is additionally near to the Bedok Integrated Transportation Center, which includes Bedok Shopping mall on New Upper Changi Roadway, an air-conditioned bus change and a connection to the Bedok MRT Station on the East-West Line.
Tay even says the unit available for sale offers “a possibility for buyers seeking protective procurements with accretive revenue possibility”. Positioned in an older HDB hub undergoing quick revival, it sets to take advantage of the property development of brand-new HDB condos and private condos just like Sky Eden @ Bedok, found at Bedok Central, within just a three-minute step of the Bedok integrated transportation center and amenities.
