HDB commercial strata unit in Bedok North going for $24 mil
A business strata unit at 215 Bedok North Road 1 gets on sale for $24 million, by using CBRE as the restricted advertising and marketing representative. The unit, on the 2nd level of a two-storey business facility, has a strata area of 16,178 sq ft and the indicatory overview price exercises to $1,483 psf on the strata location. Companies and immigrants can acquire the subject real estate with no extra purchaser’s or vendor’s stamp duty imposed on the transaction.
The HDB unit will be sold via an expression of interest exercise that closes up on July 10.
“These sorts of business HDB assets with large flooring plates in older communities are scarce and have strong leasing demand from numerous occupant accounts, consisting of institutions, companies and offices,” says Michael Tay, head of capital markets, Singapore, at CBRE. He includes the unit is presently leased to Singapore Pools Betting Centre, featuring an appealing investment chance with a well established tenant.
The place brings in young, upscale locals, helping the investment by positioning it for adaptable mid- to lengthy leasing. Footfall is also upheld by nearby business hubs like Changi Business Park and ESR Biz Park @ Chai Chee.
Tay also says the unit available supplies “a possibility for entrepreneurs seeking safety procurements with accretive return capacity”. Situated in a developed HDB center undergoing rapid rejuvenation, it stands to benefit from the progression of new HDB apartments and private condos just like Sky Eden @ Bedok, found at Bedok Central, within just a three-minute walk of the Bedok incorporated transportation center and facilities.
Located in the Bedok Town Centre precinct, the unit is around different community facilities, including Bedok Market and Hawker Centre, Bedok Public Library and Kampong Chai Chee Town Centre. It is likewise near to the Bedok Integrated Transportation Hub, that includes Bedok Mall on New Upper Changi Road, a cool bus interchange and a connection to the Bedok MRT Stop on the East-West Line.