Office units at Samsung Hub and The Adelphi on the market for $30 mil
The Samsung Hub office space unit stands on a high floor and holds 3,595 sq ft. The unit will most likely be sold with existing tenancy and is offered on an exclusive treaty basis. The office space features a column-free and standard format. It has a guide price of $4,350 psf, or around $15.6 million.
Both real estates are qualified for foreigners to obtain without spending additional customer’s and seller’s stamp duty.
Samsung Hub is a 999-year leasehold commercial property development comprising 30 storeys. Situated within the CBD, the office is near main banks and business central offices. It at the same time has a completely sheltered way connecting it to Raffles Place MRT Interchange Stop.
Both adjacent commercial strata workplace units at The Adelphi rise on top ground of the establishment. The units measure 2,034 sq ft and 2,852 sq ft. They feature a function area, an open workplace, partitioned workplaces, meeting room, a pantry space, conversation location and storage sector. The units have a shared guide rate of $14.4 million, or $2,950 psf. They can be marketed together or individually.
Sammi Lim, founder and exec director of Brilliance Capital, states that the individual strata titles at The Adelphi offer versatility for buyers to sell on a piecemeal basis or lease to several tenants.
“In the medium to long term, there may even be potential for a collective sale leave. We assume eager attention from owner-occupiers, discerning local business, exclusive wealth entities, and family office spaces centered on long-term wealth preservation,” she adds.
The Adelphi is a 999-year leasehold mixed-use development comprising a five-storey retail podium and a six-storey workplace block. It lies at the edge of North Bridge Road and Coleman Street, in the heart of the civic district and near to the CBD. The structure has ample car parking space of 382 parking lot lots.
A prime office space unit at Samsung Center on Church Road and two office units at The Adelphi on Coleman Road have actually been put up for sale, according to sole affiliate marketer Brilliance Capital in a July 3 announcement.
