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

The area attracts young, affluent residents, profiting the asset by placing it for adaptable mid- to extensive leasing. Footfall is additionally maintained by close-by establishment centers like Changi Business Park and ESR Biz Park @ Chai Chee.

A business strata unit at 215 Bedok North Street 1 is on the market place for $24 million, by using CBRE as the restricted advertising and marketing representative. The unit, on the second level of a two-storey commercial establishment, has a strata space of 16,178 sq ft and the indicatory guide rate exercises to $1,483 psf on the strata location. Companies and foreigners can purchase the subject real property with no added purchaser’s or vendor’s stamp obligation imposed on the deal.

The HDB unit is going to be offered via an expression of interest exercise that finalizes on July 10.

“These sorts of commercial HDB assets with large flooring plates in fully grown neighbourhoods are scarce and have solid renting demand from numerous occupant accounts, including schools, agencies and workplaces,” says Michael Tay, head of capital markets, Singapore, at CBRE. He includes the unit is currently rented out to Singapore Pools Betting Centre, giving a desirable investment prospect with a well established renter.

8@BT Condo Singapore

Found in the Bedok Town Centre district, the unit is close to different area amenities, providing Bedok Market and Hawker Centre, Bedok Town Library and Kampong Chai Chee Community Centre. It is additionally close to the Bedok Integrated Transport Hub, that includes Bedok Shopping mall on New Upper Changi Road, a cool bus change and a link to the Bedok MRT Terminal on the East-West Line.

Tay also states the unit up for sale supplies “a possibility for clients looking for defensive purchases with accretive turnout possibility”. Positioned in a mature HDB center undergoing quick rejuvenation, it sets to gain from the development of brand-new HDB apartments and nonpublic condominiums such as Sky Eden @ Bedok, found at Bedok Central, in just a three-minute walking of the Bedok integrated transportation hub and services.


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