HDB commercial strata unit in Bedok North going for $24 mil
The area brings in young, upscale citizens, profiting the investment by locating it for adaptable mid- to long-term leasing. Footfall is additionally sustained by neighboring establishment hubs like Changi Business Park and ESR Biz Park @ Chai Chee.
“These kinds of commercial HDB assets with huge floor plates in mature communities are rare and have strong leasing need from different lessee accounts, including institutions, firms and offices,” claims Michael Tay, head of funding markets, Singapore, at CBRE. He includes the unit is presently rented to Singapore Pools Betting Centre, presenting an attractive financial investment opportunity with a recognized tenant.
Tay even claims the unit available offers “a chance for entrepreneurs seeking safety acquisitions with accretive yield potential”. Situated in a developed HDB hub going through quick restoration, it stands to take advantage of the development of brand-new HDB flats and exclusive condos like Sky Eden @ Bedok, located at Bedok Central, just within a three-minute step of the Bedok incorporated transportation centre and services.
Located in the Bedok Town Centre precinct, the unit is near different neighbourhood services, providing 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, a cool bus change and a connection to the Bedok MRT Station on the East-West Line.
The HDB unit is going to be sold through an expression of interest exercise that closes up on July 10.
A business strata unit at 215 Bedok North Road 1 is on the market place for $24 million, with CBRE as the private advertising and marketing broker. The unit, on the second level of a two-storey business establishment, has a strata space of 16,178 sq ft and the indicative guide price works out to $1,483 psf on the strata area. Business and noncitizens can buy the subject building with no additional buyer’s or vendor’s stamp duty placed on the deal.
