HDB commercial strata unit in Bedok North going for $24 mil
Found in the Bedok Town Centre district, the unit is close to different community facilities, featuring Bedok Market and Hawker Centre, Bedok Town Library and Kampong Chai Chee Community Centre. It is also near the Bedok Integrated Transportation Center, which includes Bedok Shopping center on New Upper Changi Road, an air-conditioned bus interchange and a link to the Bedok MRT Station on the East-West Line.
Blossoms By The Park floor plan
Tay even claims the unit for sale offers “a chance for investors seeking defensive acquisitions with accretive return possibility”. Located in an older HDB hub going through fast restoration, it places to gain from the growth of brand-new HDB condos and nonpublic condos just like Sky Eden @ Bedok, positioned at Bedok Central, just within a three-minute step of the Bedok integrated transport hub and amenities.
A business strata unit at 215 Bedok North Road 1 is on the marketplace for $24 million, by using CBRE as the exclusive advertising and marketing broker. The unit, on the second ground of a two-storey business facility, has a strata space of 16,178 sq ft and the indicative overview price exercises to $1,483 psf on the strata location. Business and immigrants can buy the subject property without any extra customer’s or seller’s stamp responsibility imposed on the sale.
The HDB unit will be sold via an expression of interest exercise that closes on July 10.
The area brings in young, wealthy locals, helping the property by positioning it for flexible mid- to lengthy leasing. Footfall is also supported by close-by establishment centers like Changi Business Park and ESR Biz Park @ Chai Chee.
“These types of commercial HDB assets with sizable floor plates in older communities are limited and have solid subleasing interest from different occupant accounts, consisting of institutions, agencies and workplaces,” states Michael Tay, head of resources markets, Singapore, at CBRE. He includes the unit is currently rented out to Singapore Pools Betting Centre, giving an enticing investment chance with a well-known tenant.
