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, by using CBRE as the private marketing representative. The unit, on the second floor of a two-storey commercial facility, has a strata space of 16,178 sq ft and the indicatory overview rate works out to $1,483 psf on the strata area. Companies and immigrants can purchase the subject real estate with no extra buyer’s or seller’s stamp obligation imposed on the purchase.
Found in the Bedok Town Centre district, the unit is close to numerous neighbourhood facilities, featuring Bedok Market and Hawker Centre, Bedok Town Library and Kampong Chai Chee Town Centre. It is additionally close to the Bedok Integrated Transport Hub, which includes Bedok Shopping center on New Upper Changi Roadway, a cool bus interchange and a link to the Bedok MRT Station on the East-West Line.
Tay additionally states the unit available for sale provides “a chance for investors seeking safety procurements with accretive return capability”. Situated in a mature HDB hub undergoing rapid revival, it places to benefit from the growth of new HDB condos and private condominiums just like Sky Eden @ Bedok, positioned at Bedok Central, in just a three-minute walking of the Bedok incorporated transportation hub and services.
The HDB unit will be offered with an expression of interest exercise that closes up on July 10.
“These sorts of market HDB assets with huge floor plates in older neighbourhoods are rare and have solid subleasing interest from numerous tenant accounts, including schools, firms and workplaces,” claims Michael Tay, head of resources markets, Singapore, at CBRE. He adds the unit is currently leased to Singapore Pools Betting Centre, offering an enticing investment chance with a well-known tenant.
One Sophia CEL Development & Singhaiyi Group
The place brings in young, upscale locals, helping the asset by positioning it for adaptable mid- to extensive leasing. Footfall is also maintained by nearby establishment centers like Changi Business Park and ESR Biz Park @ Chai Chee.
