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

A commercial strata unit at 215 Bedok North Road 1 is on sale for $24 million, along with CBRE as the exclusive marketing broker. The unit, on the second floor of a two-storey commercial building, has a strata area of 16,178 sq ft and the suggestive guide cost works out to $1,483 psf on the strata location. Companies and noncitizens can buy the subject property without any added customer’s or seller’s stamp obligation imposed on the purchase.

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

Tay additionally claims the unit up for sale provides “a chance for investors seeking defensive purchases with accretive yield capability”. Situated in a developed HDB hub undertaking quick restoration, it sets to take advantage of the growth of new HDB apartments and exclusive condominiums just like Sky Eden @ Bedok, situated at Bedok Central, within a three-minute walk of the Bedok incorporated transport hub and amenities.

Bagnall Haus showflat location

“These types of market HDB assets with large floor plates in older communities are rare and have strong hiring interest from different tenant profiles, including institutions, agencies and offices,” states Michael Tay, head of resources markets, Singapore, at CBRE. He adds the unit is already rented to Singapore Pools Betting Centre, giving an enticing investment prospect with a recognized renter.

The area brings in young, upscale homeowners, profiting the asset by locating it for adaptable mid- to lengthy leasing. Footfall is additionally supported by neighboring company centers like Changi Business Park and ESR Biz Park @ Chai Chee.

Situated in the Bedok Town Centre district, the unit is nearby numerous neighbourhood amenities, consisting of Bedok Market and Hawker Centre, Bedok Public Library and Kampong Chai Chee Neighborhood Centre. It is also near to the Bedok Integrated Transport Center, which includes Bedok Shopping center on New Upper Changi Roadway, a cool bus interchange and a link to the Bedok MRT Terminal on the East-West Line.

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