HDB commercial strata unit in Bedok North going for $24 mil
Located in the Bedok Town Centre precinct, the unit is nearby numerous community services, including Bedok Market and Hawker Centre, Bedok Town Library and Kampong Chai Chee Community Centre. It is likewise close to the Bedok Integrated Transportation Hub, that includes Bedok Shopping mall on New Upper Changi Roadway, an air-conditioned bus interchange and a link to the Bedok MRT Station on the East-West Line.
The location draws in young, upscale homeowners, benefiting the asset by positioning it for flexible mid- to lengthy leasing. Footfall is also sustained by close-by establishment hubs like Changi Business Park and ESR Biz Park @ Chai Chee.
The HDB unit is going to be sold via an expression of interest exercise that closes up on July 10.
A business strata unit at 215 Bedok North Street 1 goes on the marketplace for $24 million, with CBRE as the restricted advertising and marketing agent. The unit, on the second level of a two-storey retail facility, has a strata area of 16,178 sq ft and the suggestive overview price exercises to $1,483 psf on the strata area. Companies and noncitizens can buy the subject real estate without any extra customer’s or vendor’s stamp duty imposed on the purchase.
Tay even claims the unit available offers “a chance for investors seeking protective purchases with accretive revenue potential”. Located in a mature HDB center undergoing fast rejuvenation, it sets to benefit from the development of new HDB apartments and exclusive condos like Sky Eden @ Bedok, situated at Bedok Central, within just a three-minute walk of the Bedok incorporated transportation center and amenities.
“These sorts of market HDB assets with sizable ground plates in mature areas are rare and have solid renting interest from numerous occupant profiles, including colleges, firms and offices,” says Michael Tay, head of capital markets, Singapore, at CBRE. He adds the unit is presently subleased to Singapore Pools Betting Centre, offering an enticing investment chance with a well-known tenant.
