HDB commercial strata unit in Bedok North going for $24 mil
The HDB unit will be marketed through an expression of interest exercise that finalizes on July 10.
The location brings in young, upscale homeowners, enhancing the investment by locating it for flexible mid- to long-term leasing. Footfall is additionally upheld by nearby company centers like Changi Business Park and ESR Biz Park @ Chai Chee.
The Hill @ One North floor plan
Tay additionally states the unit up for sale provides “a possibility for entrepreneurs looking for defensive procurements with accretive revenue capacity”. Positioned in a mature HDB hub going through fast revival, it places to benefit from the progression of new HDB apartments and exclusive condominiums just like Sky Eden @ Bedok, found at Bedok Central, within a three-minute walking of the Bedok incorporated transportation center and services.
A business strata unit at 215 Bedok North Road 1 is on the market for $24 million, by using CBRE as the private marketing representative. The unit, on the second ground of a two-storey business building, has a strata space of 16,178 sq ft and the indicative overview rate exercises to $1,483 psf on the strata location. Business and immigrants can purchase the subject real estate without any additional purchaser’s or vendor’s stamp duty imposed on the transaction.
“These sorts of business HDB assets with sizable flooring plates in fully grown neighbourhoods are scarce and have good subleasing need from numerous renter profiles, including institutions, firms and workplaces,” says Michael Tay, head of funding markets, Singapore, at CBRE. He adds the unit is presently rented to Singapore Pools Betting Centre, offering a desirable investment option with an established occupant.
Found in the Bedok Town Centre precinct, the unit is nearby numerous area services, providing Bedok Market and Hawker Centre, Bedok Town Library and Kampong Chai Chee Neighborhood Centre. It is also near the Bedok Integrated Transport Center, which includes Bedok Mall on New Upper Changi Roadway, an air-conditioned bus change and a link to the Bedok MRT Stop on the East-West Line.