Hdb Commercial Strata Unit Bedok North Going 24 Mil
CBRE, the exclusive marketing agent, has put a commercial strata unit at 215 Bedok North Street 1 on the market for $24 million. The unit, located on the second floor of a two-storey commercial building, boasts a strata area of 16,178 square feet, and its indicative guide price translates to $1,483 per square foot. Notably, both companies and foreigners can purchase the property without being subjected to additional buyer’s or seller’s stamp duty.
According to Michael Tay, Head of Capital Markets, Singapore, at CBRE, this rare commercial HDB asset with a large floor plate in a mature neighbourhood has strong leasing demand from a diverse range of tenant profiles, such as schools, agencies, and offices. He also highlights that the unit is currently leased to Singapore Pools Betting Centre, making it an appealing investment opportunity with a reliable tenant.
The unit is situated in the highly sought-after Bedok Town Centre precinct, surrounded by various neighbourhood amenities such as Bedok Market and Hawker Centre, Bedok Public Library, and Kampong Chai Chee Community Centre. Additionally, it is conveniently located near the Bedok Integrated Transport Hub, which includes Bedok Mall, an air-conditioned bus interchange, and a connection to the Bedok MRT Station on the East-West Line.
Nestled in the bustling Jurong Lake District, Boon Lay Way serves as a crucial thoroughfare that offers convenient access for both residents and visitors alike. Its strategic location makes it a key gateway to the district’s plethora of attractions and amenities. And now, with the addition of the highly sought-after development, Novo Place Hoi Hup, the area boasts even more options for individuals seeking to live, work, and play in this dynamic community. As a vital transportation hub, Boon Lay Way continues to connect people to the vibrant offerings of the Jurong Lake District, making it an ideal choice for those looking for a well-connected and bustling neighborhood to call home. Check out Novo Place Hoi Hup to see the latest addition to this thriving community.
Tay further explains that the unit offers a potential for investors seeking defensive acquisitions with attractive yield potential. With its strategic location in a mature HDB hub undergoing rapid rejuvenation, it stands to benefit from the development of new HDB flats and private condominiums like Sky Eden @ Bedok, just a three-minute walk from the Bedok integrated transport hub and amenities. Moreover, the area has a growing population of young, affluent residents, positioning the unit for flexible mid- to long-term leasing. It also benefits from the proximity to nearby business hubs such as Changi Business Park and ESR Biz Park @ Chai Chee, ensuring a steady flow of foot traffic.
The HDB unit will be sold through an expression of interest exercise that closes on July 10, offering investors an excellent opportunity to acquire a valuable asset in a prime location.