A commercial property at 101 Bedok North Avenue 3 is up for sale via expression of interest (EOI), announced marketing agent Savills Singapore.

The property is in the Bedok Town Centre which has a private and public residential population of more than 300,000. 101 Bedok is between the arterial roads of Bedok Central and Bedok North Street 1, and the site is elevated from the main road. It is also served by the Bedok MRT station on the East-West line, which is an eight-minute walk from the property.

Several rejuvenation projects have been completed around the development, including the development of Heartland@Bedok and the Bedok Integrated Transport Hub and Mall.

Several asset enhancement options can be considered, including the redevelopment of the site into a commercial development with an allowable gross floor area of 48,438 sq ft. The new development could comprise retail, entertainment, or educational shops; or as a medical hub or corporate headquarters.

“This is the only stand-alone commercial redevelopment site in a heartland area for sale now”, says Donald Goh, director of investment sales at Savills Singapore. This property will attract end-users and property investors, he adds.

The EOI closes on Nov 15.