Office units at Samsung Hub and The Adelphi on the market for $30 mil
Sammi Lim, founder and executive director of Brilliance Capital, states that the individual strata titles at The Adelphi offer flexibility for buyers to sell on a piecemeal ground or lease to multiple occupants.
Both estates are qualified for foreigners to buy without spending added customer’s and retailer’s stamp duty.
The Adelphi is a 999-year leasehold mixed-use property development making up a five-storey retail podium and a six-storey office block. It lies at the corner of North Bridge Road and Coleman Street, in the heart of the civic district and near to the CBD. The building has adequate car parking location of 382 car park lots.
A prime office space unit at Samsung Hub on Church Road and two office units at The Adelphi on Coleman Road have actually been put up for sale, according to only marketer Brilliance Capital in a July 3 press release.
Both adjacent commercial strata workplace 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 reception place, an open office space, separated offices, conference rooms, a kitchen area, huddle location and storage space. The units have a combined overview rate of $14.4 million, or $2,950 psf. They can be marketed collectively or separately.
“In the medium to long-term, there might even be potential for a cumulative sale exit. We assume keen attraction from owner-occupiers, discerning small businesses, exclusive wealth entities, and family office spaces focused on long-term wealth security,” she includes.
Samsung Hub is a 999-year leasehold commercial property development consisting of 30 storeys. Situated throughout the CBD, the workplace is near primary banks and company headquarters. It also has a completely protected path connecting it to Raffles Place MRT Interchange Station.
The Samsung Hub office unit rises on a high floor and occupies 3,595 sq ft. The unit is going to be sold with existing occupancy and is available on a private treaty basis. The office includes a column-free and standard layout. It has a guide rate of $4,350 psf, or around $15.6 million.