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

A business strata unit at 215 Bedok North Street 1 is on the marketplace for $24 million, along with CBRE as the exclusive marketing agent. The unit, on the 2nd floor of a two-storey business facility, has a strata space of 16,178 sq ft and the indicative overview rate works out to $1,483 psf on the strata area. Companies and immigrants can acquire the subject building without any added purchaser’s or seller’s stamp responsibility imposed on the sale.

Tay additionally claims the unit available supplies “a possibility for investors looking for safety acquisitions with accretive revenue potential”. Positioned in a developed HDB hub undertaking rapid rejuvenation, it places to take advantage of the development of brand-new HDB condos and private condominiums just like Sky Eden @ Bedok, situated at Bedok Central, just within a three-minute walking of the Bedok incorporated transport center and services.

The Residence at W showflat

Located in the Bedok Town Centre precinct, the unit is near various community facilities, providing Bedok Market and Hawker Centre, Bedok Public Library and Kampong Chai Chee Neighborhood Centre. It is likewise near to the Bedok Integrated Transportation Hub, that includes Bedok Shopping center on New Upper Changi Roadway, a cool bus interchange and a connection to the Bedok MRT Terminal on the East-West Line.

“These types of commercial HDB assets with sizable flooring plates in older areas are rare and have strong leasing demand from numerous lessee accounts, including schools, companies and workplaces,” states Michael Tay, head of capital markets, Singapore, at CBRE. He adds the unit is already rented to Singapore Pools Betting Centre, giving an enticing financial investment opportunity with a well-known occupant.

The place attracts young, affluent residents, benefiting the investment by locating it for adaptable mid- to extensive leasing. Footfall is also upheld by neighboring business hubs like Changi Business Park and ESR Biz Park @ Chai Chee.

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


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