HDB commercial strata unit in Bedok North going for $24 mil
The place brings in young, upscale residents, benefiting the property by locating it for flexible mid- to extensive leasing. Footfall is even sustained by nearby business centers like Changi Business Park and ESR Biz Park @ Chai Chee.
Found in the Bedok Town Centre district, the unit is around numerous area amenities, featuring Bedok Market and Hawker Centre, Bedok Town Library and Kampong Chai Chee Neighborhood Centre. It is additionally close to the Bedok Integrated Transport Hub, that includes Bedok Shopping center on New Upper Changi Road, an air-conditioned bus interchange and a link to the Bedok MRT Stop on the East-West Line.
A business strata unit at 215 Bedok North Street 1 gets on the market place for $24 million, along with CBRE as the private marketing broker. The unit, on the second floor of a two-storey retail establishment, has a strata area of 16,178 sq ft and the indicative guide cost exercises to $1,483 psf on the strata area. Companies and immigrants can purchase the subject property without added buyer’s or vendor’s stamp duty placed on the transaction.
“These sorts of market HDB assets with huge floor plates in fully grown areas are rare and have strong subleasing demand from different renter profiles, including schools, agencies and workplaces,” states Michael Tay, head of funding markets, Singapore, at CBRE. He adds the unit is already rented to Singapore Pools Betting Centre, featuring an attractive investment chance with a well-known renter.
Tay even states the unit for sale offers “an opportunity for clients seeking safety procurements with accretive revenue capability”. Located in a mature HDB center undertaking fast restoration, it places to benefit from the property development of new HDB flats and exclusive condominiums such as Sky Eden @ Bedok, situated at Bedok Central, in just a three-minute walking of the Bedok incorporated transport hub and facilities.
The HDB unit is going to be marketed through an expression of interest exercise that finalizes on July 10.
