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

A business strata unit at 215 Bedok North Street 1 gets on sale for $24 million, with CBRE as the restricted advertising and marketing representative. The unit, on the second level of a two-storey business establishment, has a strata area of 16,178 sq ft and the suggestive overview cost works out to $1,483 psf on the strata area. Companies and foreigners can buy the subject property without any added customer’s or vendor’s stamp obligation imposed on the sale.

Tay even says the unit up for sale provides “a chance for entrepreneurs seeking protective procurements with accretive yield capability”. Located in a developed HDB center undertaking rapid revival, it places to benefit from the property development of new HDB apartments and nonpublic condominiums just like Sky Eden @ Bedok, situated at Bedok Central, in just a three-minute walk of the Bedok integrated transportation center and amenities.

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“These sorts of business HDB assets with huge ground plates in fully grown areas are limited and have strong renting demand from different occupant accounts, including schools, firms and offices,” says Michael Tay, head of funding markets, Singapore, at CBRE. He includes the unit is currently rented out to Singapore Pools Betting Centre, featuring an enticing financial investment option with a well established lessee.

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

The area attracts young, upscale citizens, enhancing the asset by placing it for adaptable mid- to extensive leasing. Footfall is also sustained by neighboring establishment centers like Changi Business Park and ESR Biz Park @ Chai Chee.

Located in the Bedok Town Centre district, the unit is nearby numerous neighbourhood amenities, featuring Bedok Market and Hawker Centre, Bedok Town Library and Kampong Chai Chee Town Centre. It is also near the Bedok Integrated Transportation Hub, which includes Bedok Mall on New Upper Changi Roadway, an air-conditioned bus interchange and a link to the Bedok MRT Stop on the East-West Line.

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