Hdb Commercial Strata Unit Bedok North Going 24 Mil
A strata unit located at 215 Bedok North Street 1 is currently available for sale at the price of $24 million, with CBRE as its exclusive marketing agent. The unit, situated on the second floor of a two-storey commercial building, spans over a strata area of 16,178 square feet, equalling to an indicative guide price of $1,483 per square foot.
According to Michael Tay, head of capital markets, Singapore at CBRE, commercial HDB assets with large floor spaces in well-established neighbourhoods are hard to come by and are in high demand from a diverse range of tenants, including schools, agencies, and offices. He also emphasizes that the unit is currently occupied by Singapore Pools Betting Centre, making it an attractive investment opportunity with a reliable tenant.
Strategically located in the Bedok Town Centre precinct, the unit is surrounded by various amenities such as Bedok Market and Hawker Centre, Bedok Public Library, and Kampong Chai Chee Community Centre. It also enjoys close proximity to the Bedok Integrated Transport Hub, comprising of Bedok Mall, an air-conditioned bus interchange, and the Bedok MRT Station on the East-West Line.
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Tay believes that the unit presents an ideal opportunity for investors seeking secure acquisitions with potential for increasing yield. As it is situated in a thriving HDB hub undergoing rapid rejuvenation, it will benefit from the development of new HDB flats and private condominiums such as Sky Eden @ Bedok, located at Bedok Central, just a quick three-minute walk from the integrated transport hub and amenities. With its prime location, the unit is well-positioned to attract young and affluent residents, adding to its potential for flexible mid- to long-term leasing. The area is also supported by nearby business hubs like Changi Business Park and ESR Biz Park @ Chai Chee, ensuring consistent footfall.
The commercial HDB unit will be sold through an expression of interest exercise closing on July 10, making it an excellent opportunity for interested buyers to acquire a rare and valuable asset in a highly sought-after location.