HDB commercial strata unit in Bedok North going for $24 mil
The HDB unit is going to be sold with an expression of interest exercise that closes up on July 10.
“These types of commercial HDB assets with large floor plates in fully grown communities are scarce and have solid leasing need from numerous tenant accounts, including colleges, agencies and workplaces,” claims Michael Tay, head of resources markets, Singapore, at CBRE. He adds the unit is currently subleased to Singapore Pools Betting Centre, giving a desirable investment chance with a well established renter.
The area brings in young, affluent locals, helping the asset by locating it for versatile mid- to lengthy leasing. Footfall is even upheld by close-by company centers like Changi Business Park and ESR Biz Park @ Chai Chee.
A commercial strata unit at 215 Bedok North Road 1 gets on the market place for $24 million, along with CBRE as the private advertising and marketing representative. The unit, on the 2nd floor of a two-storey retail establishment, has a strata area of 16,178 sq ft and the suggestive overview cost works out to $1,483 psf on the strata area. Business and foreigners can purchase the subject property with no added purchaser’s or seller’s stamp obligation enforced on the sale.
Tay additionally claims the unit up for sale provides “a chance for entrepreneurs seeking defensive purchases with accretive yield capacity”. Situated in a developed HDB hub undertaking quick restoration, it stands to take advantage of the progression of new HDB condos and nonpublic condominiums like Sky Eden @ Bedok, located at Bedok Central, within just a three-minute walking of the Bedok incorporated transport center and facilities.
Located in the Bedok Town Centre precinct, the unit is near different community facilities, including Bedok Market and Hawker Centre, Bedok Town Library and Kampong Chai Chee Neighborhood Centre. It is additionally near to the Bedok Integrated Transportation Center, that includes Bedok Shopping center on New Upper Changi Roadway, an air-conditioned bus interchange and a connection to the Bedok MRT Stop on the East-West Line.
