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

A commercial strata unit at 215 Bedok North Road 1 goes on the marketplace for $24 million, with CBRE as the restricted advertising and marketing broker. The unit, on the 2nd ground of a two-storey retail building, has a strata space of 16,178 sq ft and the suggestive overview cost works out to $1,483 psf on the strata area. Business and noncitizens can acquire the subject building without added buyer’s or seller’s stamp responsibility enforced on the purchase.

“These kinds of commercial HDB assets with large flooring plates in fully grown areas are limited and have solid renting need from various lessee profiles, including colleges, firms and offices,” claims Michael Tay, head of funding markets, Singapore, at CBRE. He adds the unit is currently rented to Singapore Pools Betting Centre, featuring an appealing financial investment opportunity with a recognized occupant.

Tay also states the unit up for sale supplies “a possibility for entrepreneurs seeking defensive purchases with accretive yield capacity”. Situated in a mature HDB center undertaking fast restoration, it places to gain from the growth of brand-new HDB flats and exclusive condos just like Sky Eden @ Bedok, found at Bedok Central, just within a three-minute walk of the Bedok integrated transportation hub and facilities.

Found in the Bedok Town Centre precinct, the unit is close to various area services, featuring Bedok Market and Hawker Centre, Bedok Town Library and Kampong Chai Chee Town Centre. It is likewise near the Bedok Integrated Transport Hub, which includes Bedok Shopping mall on New Upper Changi Roadway, an air-conditioned bus change and a connection to the Bedok MRT Terminal on the East-West Line.

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

The place brings in young, affluent homeowners, profiting the asset by positioning it for adaptable mid- to long-term leasing. Footfall is also supported by nearby company hubs like Changi Business Park and ESR Biz Park @ Chai Chee.

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