HDB commercial strata unit in Bedok North going for $24 mil
Tay additionally says the unit up for sale provides “a chance for entrepreneurs seeking safety acquisitions with accretive return capability”. Positioned in an older HDB hub undertaking quick revival, it stands to take advantage of the growth of brand-new HDB condos and nonpublic condominiums just like Sky Eden @ Bedok, positioned at Bedok Central, in just a three-minute walk of the Bedok integrated transportation centre and amenities.
The HDB unit will be marketed via an expression of interest exercise that finalizes on July 10.
The area brings in young, wealthy locals, benefiting the investment by placing it for adaptable mid- to lengthy leasing. Footfall is additionally maintained by neighboring establishment centers like Changi Business Park and ESR Biz Park @ Chai Chee.
“These sorts of commercial HDB assets with huge floor plates in mature neighbourhoods are scarce and have solid subleasing interest from numerous occupant profiles, consisting of schools, agencies and workplaces,” says Michael Tay, head of resources markets, Singapore, at CBRE. He adds the unit is presently subleased to Singapore Pools Betting Centre, featuring a desirable financial investment chance with a well established tenant.
A business strata unit at 215 Bedok North Street 1 is on the marketplace for $24 million, along with CBRE as the private marketing representative. The unit, on the second level of a two-storey retail building, has a strata space of 16,178 sq ft and the indicatory overview price exercises to $1,483 psf on the strata area. Firms and immigrants can purchase the subject property with no additional customer’s or seller’s stamp obligation imposed on the purchase.
Located in the Bedok Town Centre precinct, the unit is around numerous community facilities, including Bedok Market and Hawker Centre, Bedok Public Library and Kampong Chai Chee Neighborhood Centre. It is likewise close to the Bedok Integrated Transportation Hub, which includes Bedok Shopping center on New Upper Changi Roadway, an air-conditioned bus change and a link to the Bedok MRT Stop on the East-West Line.
