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

A commercial strata unit at 215 Bedok North Street 1 gets on the market place for $24 million, along with CBRE as the exclusive advertising representative. The unit, on the second ground of a two-storey retail facility, has a strata area of 16,178 sq ft and the indicative guide rate exercises to $1,483 psf on the strata area. Companies and immigrants can buy the subject real estate without additional buyer’s or seller’s stamp duty placed on the transaction.

Lentor Hills Residences showflat location

Tay additionally says the unit available offers “a chance for buyers looking for safety purchases with accretive turnout capability”. Positioned in a mature HDB hub undertaking quick revival, it stands to benefit from the progression of new HDB apartments and private condominiums such as Sky Eden @ Bedok, found at Bedok Central, within a three-minute walking of the Bedok incorporated transportation centre and facilities.

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

The place draws in young, upscale residents, helping the asset by positioning it for flexible mid- to lengthy leasing. Footfall is even sustained by neighboring business centers like Changi Business Park and ESR Biz Park @ Chai Chee.

Found in the Bedok Town Centre district, the unit is around various neighbourhood facilities, including Bedok Market and Hawker Centre, Bedok Town Library and Kampong Chai Chee Neighborhood Centre. It is additionally close to the Bedok Integrated Transport Hub, that includes Bedok Shopping center on New Upper Changi Road, an air-conditioned bus change and a link to the Bedok MRT Terminal on the East-West Line.

“These sorts of market HDB assets with huge flooring plates in fully grown areas are limited and have solid renting interest from numerous lessee profiles, consisting of colleges, companies and offices,” states Michael Tay, head of funding markets, Singapore, at CBRE. He adds the unit is presently rented out to Singapore Pools Betting Centre, giving an attractive investment option with an established occupant.

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