HDB commercial strata unit in Bedok North going for $24 mil
The HDB unit will be sold with an expression of interest exercise that closes up on July 10.
Located in the Bedok Town Centre district, the unit is close to different neighbourhood facilities, featuring Bedok Market and Hawker Centre, Bedok Public Library and Kampong Chai Chee Community Centre. It is also near to the Bedok Integrated Transport Center, which includes Bedok Shopping mall on New Upper Changi Road, an air-conditioned bus interchange and a connection to the Bedok MRT Stop on the East-West Line.
A commercial strata unit at 215 Bedok North Road 1 gets on sale for $24 million, with CBRE as the private marketing representative. The unit, on the second ground of a two-storey commercial facility, has a strata area of 16,178 sq ft and the indicatory guide cost exercises to $1,483 psf on the strata location. Companies and immigrants can buy the subject building with no added purchaser’s or vendor’s stamp obligation imposed on the transaction.
“These kinds of business HDB assets with large ground plates in mature neighbourhoods are scarce and have solid hiring need from various tenant profiles, consisting of schools, companies and workplaces,” claims Michael Tay, head of resources markets, Singapore, at CBRE. He includes the unit is presently subleased to Singapore Pools Betting Centre, presenting an appealing financial investment prospect with an established lessee.
Tay additionally says the unit available supplies “a chance for buyers looking for protective acquisitions with accretive revenue potential”. Positioned in a developed HDB center undergoing fast rejuvenation, it sets to gain from the growth of brand-new HDB flats and nonpublic condominiums such as Sky Eden @ Bedok, situated at Bedok Central, within just a three-minute walking of the Bedok integrated transportation hub and facilities.
The area attracts young, affluent homeowners, helping the investment by positioning it for versatile mid- to lengthy leasing. Footfall is additionally upheld by nearby company centers like Changi Business Park and ESR Biz Park @ Chai Chee.