Office units at Samsung Hub and The Adelphi on the market for $30 mil
The Adelphi is a 999-year leasehold mixed-use project making up a five-storey retail platform and a six-storey workplace block. It is located at the edge of North Bridge Road and Coleman Street, in the heart of the civic area and close to the CBD. The facility has adequate vehicle parking space of 382 parking lot lots.
“In the medium to long-term, there might also be potential for a cumulative sale way out. We assume keen attention from owner-occupiers, discerning local business, private wealth entities, and family office spaces directed on long-term wealth safety,” she adds.
Both real estates are qualified for immigrants to purchase without paying extra purchaser’s and retailer’s stamp duty.
Both adjoining business strata office space units at The Adelphi rise at the top level of the establishment. The units measure 2,034 sq ft and 2,852 sq ft. They provide an event space, an open office space, separated offices, conference rooms, a pantry area, huddle space and storage sector. The units have a combined guide price of $14.4 million, or $2,950 psf. They can be marketed jointly or individually.
Sammi Lim, creator and executive director of Brilliance Capital, says that the individual strata titles at The Adelphi offer versatility for purchasers to offer on a piecemeal manner or contract to multiple tenants.
Samsung Hub is a 999-year leasehold business development consisting of 30 storeys. Situated inside the CBD, the office is near main banks and corporate central offices. It additionally has a completely sheltered route linking it to Raffles Place MRT Interchange Station.
Cape Royale Ho Bee Land & IOI Properties
A prime office space unit at Samsung Hub on Church Road and two workplace units at The Adelphi on Coleman Road have actually been offered, according to only affiliate marketer Brilliance Capital in a July 3 news release.
The Samsung Center office unit lies on a high floor and takes up 3,595 sq ft. The unit will be offered with existing tenancy and is offered on a private treaty basis. The office space features a column-free and normal format. It has a guide fee of $4,350 psf, or about $15.6 million.
