HDB commercial strata unit in Bedok North going for $24 mil
A business strata unit at 215 Bedok North Street 1 goes on the marketplace for $24 million, with CBRE as the private marketing agent. The unit, on the 2nd ground of a two-storey retail building, has a strata area of 16,178 sq ft and the indicative overview price works out to $1,483 psf on the strata area. Firms and immigrants can purchase the subject building without any additional buyer’s or seller’s stamp duty enforced on the transaction.
The HDB unit is going to be offered with an expression of interest exercise that closes on July 10.
“These sorts of business HDB assets with large floor plates in fully grown communities are limited and have strong hiring interest from numerous lessee profiles, including colleges, agencies and offices,” claims Michael Tay, head of resources markets, Singapore, at CBRE. He includes the unit is presently rented out to Singapore Pools Betting Centre, presenting an attractive investment chance with a well established occupant.
The location attracts young, wealthy citizens, enhancing the investment by positioning it for versatile mid- to extensive leasing. Footfall is additionally maintained by close-by business hubs like Changi Business Park and ESR Biz Park @ Chai Chee.
Tay additionally says the unit up for sale provides “a possibility for entrepreneurs seeking protective acquisitions with accretive turnout potential”. Situated in an older HDB hub undertaking fast revival, it stands to benefit from the progression of new HDB apartments and private condos like Sky Eden @ Bedok, positioned at Bedok Central, within just a three-minute step of the Bedok incorporated transport centre and facilities.
Situated in the Bedok Town Centre district, the unit is close to various area facilities, including Bedok Market and Hawker Centre, Bedok Town Library and Kampong Chai Chee Neighborhood Centre. It is additionally near to the Bedok Integrated Transport Hub, which includes Bedok Mall on New Upper Changi Roadway, an air-conditioned bus change and a connection to the Bedok MRT Terminal on the East-West Line.
