HDB commercial strata unit in Bedok North going for $24 mil
Situated in the Bedok Town Centre district, the unit is close to various neighbourhood amenities, providing Bedok Market and Hawker Centre, Bedok Town Library and Kampong Chai Chee Community Centre. It is additionally close to the Bedok Integrated Transportation Hub, that includes Bedok Shopping mall on New Upper Changi Roadway, a cool bus change and a link to the Bedok MRT Station on the East-West Line.
“These kinds of market HDB assets with huge ground plates in fully grown areas are rare and have good hiring interest from different tenant profiles, consisting of institutions, companies and workplaces,” states Michael Tay, head of capital markets, Singapore, at CBRE. He adds the unit is presently leased to Singapore Pools Betting Centre, giving an enticing investment prospect with a well established occupant.
Tay also claims the unit up for sale supplies “an opportunity for buyers looking for protective acquisitions with accretive revenue possibility”. Positioned in a developed HDB hub going through rapid rejuvenation, it sets to take advantage of the progression of new HDB condos and nonpublic condos just like Sky Eden @ Bedok, found at Bedok Central, just within a three-minute step of the Bedok integrated transport hub and amenities.
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The place brings in young, affluent homeowners, enhancing the property by placing it for adaptable mid- to lengthy leasing. Footfall is even maintained by neighboring establishment centers like Changi Business Park and ESR Biz Park @ Chai Chee.
A commercial strata unit at 215 Bedok North Street 1 is on sale for $24 million, by using CBRE as the exclusive advertising agent. The unit, on the 2nd floor of a two-storey retail building, has a strata space of 16,178 sq ft and the indicative guide price works out to $1,483 psf on the strata area. Companies and immigrants can purchase the subject real estate without any additional customer’s or seller’s stamp obligation enforced on the purchase.
The HDB unit is going to be offered through an expression of interest exercise that closes up on July 10.
