HDB commercial strata unit in Bedok North going for $24 mil
A commercial strata unit at 215 Bedok North Road 1 gets on the market for $24 million, by using CBRE as the exclusive marketing broker. The unit, on the 2nd floor of a two-storey business establishment, has a strata area of 16,178 sq ft and the indicatory guide price works out to $1,483 psf on the strata location. Companies and immigrants can purchase the subject building without extra customer’s or seller’s stamp duty imposed on the transaction.
The HDB unit is going to be marketed via an expression of interest exercise that finalizes on July 10.
Tay additionally says the unit for sale supplies “a possibility for investors seeking protective purchases with accretive revenue capacity”. Located in a developed HDB hub undergoing rapid revival, it stands to gain from the property development of brand-new HDB apartments and nonpublic condos such as Sky Eden @ Bedok, found at Bedok Central, within a three-minute step of the Bedok integrated transportation centre and services.
The area draws in young, affluent residents, enhancing the asset by locating it for versatile mid- to lengthy leasing. Footfall is also sustained by neighboring establishment hubs like Changi Business Park and ESR Biz Park @ Chai Chee.
Located in the Bedok Town Centre precinct, the unit is around various area amenities, consisting of Bedok Market and Hawker Centre, Bedok Public Library and Kampong Chai Chee Community Centre. It is additionally near the Bedok Integrated Transportation Hub, which includes Bedok Shopping mall on New Upper Changi Roadway, an air-conditioned bus interchange and a link to the Bedok MRT Terminal on the East-West Line.
“These kinds of commercial HDB assets with sizable flooring plates in fully grown areas are rare and have strong renting need from various tenant accounts, consisting of colleges, companies and workplaces,” claims Michael Tay, head of capital markets, Singapore, at CBRE. He adds the unit is currently leased to Singapore Pools Betting Centre, giving an attractive investment chance with a well established renter.
