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

Tay even says the unit for sale provides “an opportunity for clients looking for protective purchases with accretive turnout capacity”. Positioned in a developed HDB center going through fast rejuvenation, it stands to benefit from the development of new HDB flats and private condos just like Sky Eden @ Bedok, located at Bedok Central, within just a three-minute step of the Bedok integrated transportation hub and services.

The location brings in young, affluent residents, helping the property by placing it for flexible mid- to long-term leasing. Footfall is additionally supported by nearby establishment hubs like Changi Business Park and ESR Biz Park @ Chai Chee.

A commercial strata unit at 215 Bedok North Road 1 gets on sale for $24 million, along with CBRE as the restricted advertising and marketing representative. The unit, on the second ground of a two-storey retail establishment, has a strata space of 16,178 sq ft and the suggestive guide rate works out to $1,483 psf on the strata area. Firms and foreigners can buy the subject real property without extra purchaser’s or seller’s stamp obligation enforced on the transaction.

Kassia Condo floor plan

Situated in the Bedok Town Centre district, the unit is around numerous area amenities, consisting of Bedok Market and Hawker Centre, Bedok Town Library and Kampong Chai Chee Town Centre. It is likewise close to the Bedok Integrated Transportation Hub, that includes Bedok 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 kinds of market HDB assets with large ground plates in older neighbourhoods are scarce and have strong subleasing need from various occupant profiles, consisting of schools, agencies and workplaces,” states Michael Tay, head of capital markets, Singapore, at CBRE. He adds the unit is currently subleased to Singapore Pools Betting Centre, giving an attractive financial investment opportunity with an established renter.

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

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