Office units at Samsung Hub and The Adelphi on the market for $30 mil
The Adelphi is a 999-year leasehold mixed-use project 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 the CBD. The facility has enough car parking space of 382 parking area lots.
The two adjacent commercial strata office space units at The Adelphi are located on top ground of the building. The units measure 2,034 sq ft and 2,852 sq ft. They feature an event area, an open office, partitioned offices, meeting room, a cupboard part, conversation location and storage spot. The units have a combined guide cost of $14.4 million, or $2,950 psf. They can be sold jointly or separately.
The Samsung Center office space unit stands on a high floor and takes up 3,595 sq ft. The unit is going to be sold with existing tenancy and is offered on a private treaty basis. The office space features a column-free and regular design. It has a guide rate of $4,350 psf, or around $15.6 million.
“In the medium to long-term, there might also be potential for a cumulative sale leave. We assume eager interest from owner-occupiers, discerning local business, exclusive wealth entities, and family office spaces focused on long-term wealth preservation,” she adds.
A prime office unit at Samsung Center on Church Road and two office space units at The Adelphi on Coleman Street have actually been put up for sale, according to sole marketer Brilliance Capital in a July 3 press release.
Both estates are qualified for immigrants to buy without paying added purchaser’s and retailer’s stamp duty.
Samsung Hub is a 999-year leasehold business property development comprising 30 storeys. Found within the CBD, the workplace is near main banks and company main offices. It also has a completely protected direction connecting it to Raffles Place MRT Interchange Terminal.
Sammi Lim, founder and exec director of Brilliance Capital, says that the individual strata titles at The Adelphi offer versatility for buyers to sell on a piecemeal ground or lease to multiple occupants.
