HDB commercial strata unit in Bedok North going for $24 mil
Found in the Bedok Town Centre district, the unit is nearby numerous neighbourhood amenities, consisting of Bedok Market and Hawker Centre, Bedok Public Library and Kampong Chai Chee Town Centre. It is additionally near to the Bedok Integrated Transportation Center, that includes Bedok Shopping mall on New Upper Changi Road, a cool bus change and a connection to the Bedok MRT Terminal on the East-West Line.
The location draws in young, wealthy residents, enhancing the property by placing it for adaptable mid- to long-term leasing. Footfall is additionally upheld by neighboring establishment hubs like Changi Business Park and ESR Biz Park @ Chai Chee.
The HDB unit is going to be offered with an expression of interest exercise that closes on July 10.
Tay additionally says the unit up for sale supplies “an opportunity for investors seeking protective acquisitions with accretive yield capacity”. Situated in a mature HDB hub going through rapid revival, it stands to gain from the growth of new HDB flats and private condominiums such as Sky Eden @ Bedok, positioned at Bedok Central, just within a three-minute walking of the Bedok incorporated transportation centre and facilities.
“These types of business HDB assets with large flooring plates in older areas are limited and have strong hiring demand from various tenant profiles, including institutions, firms and workplaces,” states Michael Tay, head of resources markets, Singapore, at CBRE. He adds the unit is currently rented out to Singapore Pools Betting Centre, offering an appealing investment prospect with an established tenant.
A business strata unit at 215 Bedok North Street 1 goes on sale for $24 million, along with CBRE as the exclusive advertising and marketing broker. The unit, on the second floor of a two-storey retail establishment, has a strata space of 16,178 sq ft and the indicatory overview price works out to $1,483 psf on the strata area. Business and immigrants can purchase the subject real estate with no added purchaser’s or seller’s stamp duty imposed on the transaction.
