A two-storey HDB shophouse in Bedok Central, situated at Blk 211 New Higher Changi Street, has been positioned in the marketplace. The property is offered by means of an expression of curiosity (EOI) train and comes with an asking value of S$3.95 million. With its location, measurement, and potential, it is a probability price exploring if you happen to’re contemplating HDB shophouses.
Desk of contents
Property particulars
| Class | Particulars |
| Property sort | Two-storey HDB shophouse |
| Location | Blk 211 New Higher Changi Street, Bedok Central |
| Asking value | S$3.95 million |
| Complete ground space | 1,593 sqft |
| Floor ground (Retail) | 732 sqft (store house) |
| Second ground (Residential) | 861 sqft (residential unit) |
| Lease tenure | 86 years (authentic) |
| Remaining lease | 53 years left |
| Present use | Total unit leased to a foot reflexology and therapy centre |
| Close by facilities | Quick stroll to Bedok MRT Station and Bedok Built-in Transport Hub |
| Street entry | Simply accessible through East Coast Parkway (ECP) and Pan-Island Expressway (PIE) |
| EOI deadline | Oct 16, 3pm |
When this shophouse, you’ll discover a mixture of retail and residing house. On the bottom stage, there’s a store unit spanning about 732 sq. toes, providing house that may very well be tailored for various companies. Above that, the second ground homes a residential unit measuring roughly 861 sq. toes. Mixed, the 2 ranges provide you with a complete ground space of 1,593 sq. toes.
By way of tenure, the property initially carried an 86-year lease. Right now, there are about 53 years left on the lease.
Entry can also be handy, because the second ground might be reached not simply by means of an exterior staircase but additionally by raise. This structure is helpful if you happen to resolve to hire out the upstairs residential unit. Your tenant wouldn’t have to go by means of the ground-floor store, which suggests larger privateness for each residents and prospects.
For individuals who are severely contemplating making a transfer, the Bedok shophouse EOI will shut on October 16 at 3pm.
Present use and potential
For the time being, the whole shophouse is being rented out to a foot reflexology and therapy centre. This implies you’re stepping right into a property that already generates revenue. Nevertheless, the true worth lies within the flexibility it gives you sooner or later.
You might resolve to subdivide the ground-floor unit into smaller retail outlets to draw a mixture of tenants. Alternatively, the house may very well be reconfigured for F&B utilization, benefiting from the regular stream of foot visitors within the space. This versatility is one motive why HDB shophouse investments are sometimes seen as interesting.
What’s happening location-wise?Â
The property is simply a brief stroll away from Bedok MRT Station and the Bedok Built-in Transport Hub, making it simply accessible for each prospects and residents.
For individuals who drive, reaching the property isn’t a trouble both. It connects easily to each the East Coast Parkway (ECP) and the Pan-Island Expressway (PIE). On high of that, there are ample parking selections within the space, with each floor and multi-storey carparks close by.
Past accessibility, the property enjoys robust visibility. It sits proper subsequent to a preferred espresso store and has prime frontage alongside a busy pedestrian walkway. It’s additionally a part of a energetic cluster of retailers and eateries that cater every day to the 81,000 residents residing in Bedok North property. This built-in buyer base makes the shophouse a major alternative for these contemplating retail property close to Bedok MRT.
What do the specialists assume?
Even with a extra cautious temper within the wider property funding market, HDB shophouses proceed to carry their floor. Donald Goh, director of capital markets and funding gross sales at ERA Singapore, has shared that these properties nonetheless handle to attract good ranges of curiosity. Based on him, the attraction lies of their resilience and their means to keep up worth over time.
For you as a purchaser, which means this two-storey HDB shophouse on the market is greater than only a property in Bedok Central. It represents an opportunity to faucet into a kind of asset that has proven stability, even when the market turns into unsure.
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