Office units at Samsung Hub and The Adelphi on the market for $30 mil
The Adelphi is a 999-year leasehold mixed-use development comprising a five-storey retail platform and a six-storey office block. It is located at the corner of North Bridge Road and Coleman Street, in the heart of the civic area and near to the CBD. The building has enough parking location of 382 parking lot lots.
“In the medium to long-term, there might also be potential for a cumulative sale way out. We expect eager interest from owner-occupiers, discerning local business, exclusive wealth entities, and family office spaces directed on long-term wealth safety,” she includes.
Both real estates are eligible for foreigners to purchase without paying for additional purchaser’s and dealer’s stamp obligation.
A prime office space unit at Samsung Center on Church Street and two office space units at The Adelphi on Coleman Street have been put up for sale, according to sole marketer Brilliance Capital in a July 3 press release.
Both adjoining commercial strata office space units at The Adelphi rise on top floor of the establishment. The units measure 2,034 sq ft and 2,852 sq ft. They provide a function place, an open workplace, partitioned workplaces, meeting room, a pantry part, huddle space and storage space. The units have a combined guide price of $14.4 million, or $2,950 psf. They can be sold collectively or independently.
Samsung Hub is a 999-year leasehold business development making up 30 storeys. Situated throughout the CBD, the office is near primary financial institutions and business central offices. It additionally has a fully covered direction linking it to Raffles Place MRT Interchange Stop.
Sammi Lim, owner and exec director of Brilliance Capital, claims that the individual strata titles at The Adelphi offer versatility for customers to offer on a piecemeal ground or lease to multiple lessees.
The Samsung Hub workplace unit lies on a high floor and holds 3,595 sq ft. The unit will be marketed with existing occupancy and is offered on an exclusive treaty basis. The office space includes a column-free and normal format. It has a guide rate of $4,350 psf, or about $15.6 million.
