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

Located in the Bedok Town Centre precinct, the unit is near various area facilities, featuring Bedok Market and Hawker Centre, Bedok Town Library and Kampong Chai Chee Town Centre. It is additionally close to the Bedok Integrated Transportation Center, that includes Bedok Shopping center on New Upper Changi Road, a cool bus interchange and a connection to the Bedok MRT Station on the East-West Line.

The location draws in young, wealthy homeowners, helping the asset by locating it for adaptable mid- to lengthy leasing. Footfall is additionally supported by nearby establishment centers like Changi Business Park and ESR Biz Park @ Chai Chee.

A business strata unit at 215 Bedok North Street 1 goes on sale for $24 million, along with CBRE as the private marketing agent. 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 cost exercises to $1,483 psf on the strata location. Business and immigrants can buy the subject real estate with no added customer’s or seller’s stamp responsibility required on the sale.

Tay additionally states the unit available supplies “a possibility for buyers looking for protective purchases with accretive yield capacity”. Positioned in a mature HDB hub undertaking rapid rejuvenation, it stands to take advantage of the property development of brand-new HDB apartments and private condominiums just like Sky Eden @ Bedok, found at Bedok Central, in just a three-minute walk of the Bedok incorporated transportation center and amenities.

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“These sorts of commercial HDB assets with large floor plates in older neighbourhoods are rare and have strong hiring need from different tenant accounts, consisting of schools, firms and workplaces,” claims Michael Tay, head of capital markets, Singapore, at CBRE. He includes the unit is currently leased to Singapore Pools Betting Centre, offering an attractive financial investment prospect with a well-known tenant.

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

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