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

The area brings in young, upscale homeowners, helping the investment by placing it for versatile mid- to lengthy leasing. Footfall is also supported by neighboring establishment hubs like Changi Business Park and ESR Biz Park @ Chai Chee.

Midtown Modern Singapore

A business strata unit at 215 Bedok North Street 1 gets on the market for $24 million, along with CBRE as the restricted advertising and marketing representative. The unit, on the second floor of a two-storey business building, has a strata area of 16,178 sq ft and the suggestive guide cost exercises to $1,483 psf on the strata area. Business and immigrants can buy the subject property with no extra buyer’s or seller’s stamp duty enforced on the purchase.

“These kinds of commercial HDB assets with large ground plates in fully grown communities are scarce and have strong subleasing demand from numerous lessee accounts, consisting of schools, agencies and workplaces,” claims Michael Tay, head of funding markets, Singapore, at CBRE. He adds the unit is presently rented out to Singapore Pools Betting Centre, presenting an enticing financial investment prospect with an established tenant.

Tay also claims the unit up for sale provides “a chance for clients looking for safety procurements with accretive return capacity”. Situated in a developed HDB center undertaking quick restoration, it sets to take advantage of the development of new HDB flats and nonpublic condos just like Sky Eden @ Bedok, positioned at Bedok Central, within a three-minute walking of the Bedok incorporated transportation hub and services.

Found in the Bedok Town Centre district, the unit is near various community facilities, consisting of Bedok Market and Hawker Centre, Bedok Public Library and Kampong Chai Chee Town Centre. It is likewise near to the Bedok Integrated Transport Center, which includes Bedok Shopping mall on New Upper Changi Roadway, a cool bus change and a link to the Bedok MRT Terminal on the East-West Line.

The HDB unit will be offered with an expression of interest exercise that closes up on July 10.

error: Content is protected !!