HDB commercial strata unit in Bedok North going for $24 mil
Found in the Bedok Town Centre precinct, the unit is close to various neighbourhood amenities, providing Bedok Market and Hawker Centre, Bedok Public Library and Kampong Chai Chee Neighborhood Centre. It is additionally near the Bedok Integrated Transportation Hub, that includes Bedok Shopping mall on New Upper Changi Road, an air-conditioned bus change and a connection to the Bedok MRT Station on the East-West Line.
The location attracts young, wealthy locals, benefiting the investment by placing it for flexible mid- to lengthy leasing. Footfall is also sustained by close-by establishment centers like Changi Business Park and ESR Biz Park @ Chai Chee.
A business strata unit at 215 Bedok North Road 1 is on the market for $24 million, with CBRE as the exclusive advertising and marketing representative. The unit, on the second level of a two-storey commercial building, has a strata area of 16,178 sq ft and the indicatory overview price exercises to $1,483 psf on the strata location. Companies and noncitizens can purchase the subject property with no added buyer’s or vendor’s stamp duty placed on the sale.
“These sorts of market HDB assets with huge ground plates in fully grown communities are limited and have solid renting demand from different lessee accounts, consisting of institutions, companies and offices,” claims Michael Tay, head of funding markets, Singapore, at CBRE. He includes the unit is presently rented to Singapore Pools Betting Centre, giving an appealing financial investment chance with an established lessee.
The Arcady @ Boon Keng condominium
The HDB unit will be offered via an expression of interest exercise that closes on July 10.
Tay even states the unit for sale provides “a possibility for clients seeking protective acquisitions with accretive return possibility”. Positioned in a developed HDB center going through fast restoration, it stands to gain from the progression of new HDB flats and private condominiums such as Sky Eden @ Bedok, positioned at Bedok Central, within a three-minute step of the Bedok integrated transportation centre and amenities.
