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Bedok 101, a commercial property along Bedok North Avenue 3, has been launched for sale via an expression of interest (EOI), revealed marketing agent Savills Singapore.
Located within Bedok Town Centre, which has a public and private residential population of over 300,000, the property is right at the junction of two main arterial roads; Bedok North Street 1 and Bedok Central, and is a short walk to Bedok MRT station.
Savills noted that several major rejuvenation projects were undertaken in the area, including the development of Bedok Integrated Transport Hub and Mall as well as Heartbeat@Bedok.
The property offers various asset enhancement options, including a full redevelopment into a commercial development with an allowable gross floor area of around 4,500 sq m. The new development could feature retail, education and entertainment shops; or could serve as a corporate headquarter or medical hub.
As the only stand-alone commercial property for sale in a heartland area, the property can also be envisioned as a co-working hub or a medical or education hub encompassing retail elements, said Savills Singapore investment sales director Donald Goh.
“The property has immense potential which can be tapped by the creative and astute investor and derive long term stream of income and reap eventual gains,” he said.
“With the commercial property market abuzz with activity, the subject property will interest end-users as well as property investors who are looking for value propositions to ride the uptrend in the sector.”
The EOI exercise for Bedok 101 closes on 5 November.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
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