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

Located in the Bedok Town Centre precinct, the unit is around numerous area facilities, providing Bedok Market and Hawker Centre, Bedok Town Library and Kampong Chai Chee Community Centre. It is additionally near the Bedok Integrated Transportation Center, which includes Bedok Shopping mall on New Upper Changi Road, an air-conditioned bus interchange and a connection to the Bedok MRT Terminal on the East-West Line.

“These types of market HDB assets with huge flooring plates in older communities are rare and have strong renting interest from different occupant profiles, including schools, firms and offices,” states Michael Tay, head of resources markets, Singapore, at CBRE. He includes the unit is already subleased to Singapore Pools Betting Centre, featuring a desirable financial investment chance with a recognized tenant.

A commercial strata unit at 215 Bedok North Road 1 goes on the marketplace for $24 million, along with CBRE as the restricted marketing representative. The unit, on the second floor of a two-storey retail building, has a strata space of 16,178 sq ft and the indicatory guide rate works out to $1,483 psf on the strata location. Companies and foreigners can purchase the subject real property without extra customer’s or vendor’s stamp duty required on the transaction.

TMW Maxwell showflat location

Tay additionally says the unit available provides “an opportunity for investors looking for protective acquisitions with accretive turnout capacity”. Located in a mature HDB center undertaking rapid revival, it sets to take advantage of the development of brand-new HDB flats and nonpublic condominiums like Sky Eden @ Bedok, found at Bedok Central, within just a three-minute step of the Bedok integrated transportation center and services.

The location draws in young, upscale residents, profiting the asset by locating it for flexible mid- to long-term leasing. Footfall is even upheld by neighboring business hubs like Changi Business Park and ESR Biz Park @ Chai Chee.

The HDB unit is going to be offered via an expression of interest exercise that finalizes on July 10.

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