HDB commercial strata unit in Bedok North going for $24 mil

Situated in the Bedok Town Centre district, the unit is around different neighbourhood amenities, including Bedok Market and Hawker Centre, Bedok Town Library and Kampong Chai Chee Community Centre. It is additionally close to the Bedok Integrated Transportation Hub, that includes Bedok Shopping mall on New Upper Changi Roadway, a cool bus interchange and a connection to the Bedok MRT Stop on the East-West Line.

“These types of commercial HDB assets with huge floor plates in mature neighbourhoods are rare and have solid hiring interest from numerous renter profiles, consisting of institutions, agencies and offices,” states Michael Tay, head of resources markets, Singapore, at CBRE. He includes the unit is already subleased to Singapore Pools Betting Centre, offering an appealing investment chance with a well-known lessee.

The Botany at Dairy Farm price

Tay also claims the unit available for sale provides “a possibility for buyers seeking safety purchases with accretive revenue capability”. Situated in an older HDB center undertaking fast restoration, it sets to take advantage of the growth of brand-new HDB condos and private condominiums just like Sky Eden @ Bedok, located at Bedok Central, just within a three-minute walk of the Bedok integrated transportation centre and amenities.

The area brings in young, upscale homeowners, helping the asset by positioning it for flexible mid- to lengthy leasing. Footfall is even maintained by neighboring company centers like Changi Business Park and ESR Biz Park @ Chai Chee.

A commercial strata unit at 215 Bedok North Street 1 is on the market for $24 million, along with CBRE as the restricted advertising agent. The unit, on the second floor of a two-storey retail facility, has a strata area of 16,178 sq ft and the indicative overview price works out to $1,483 psf on the strata area. Firms and foreigners can acquire the subject real property without any added purchaser’s or seller’s stamp obligation imposed on the transaction.

The HDB unit is going to be marketed with an expression of interest exercise that closes on July 10.

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