Office units at Samsung Hub and The Adelphi on the market for $30 mil
Sammi Lim, owner and exec head of Brilliance Capital, states that the individual strata titles at The Adelphi offer flexibility for purchasers to offer on a piecemeal ground or contract to several renters.
A prime office space unit at Samsung Center on Church Street and two workplace units at The Adelphi on Coleman Road have actually been put up for sale, according to single affiliate marketer Brilliance Capital in a July 3 bulletin.
Both properties are allowed for foreigners to purchase without paying additional purchaser’s and dealer’s stamp duty.
The Samsung Center workplace unit stands on a high level and occupies 3,595 sq ft. The unit will be sold with existing tenancy and is available on a personal treaty basis. The office space features a column-free and regular layout. It has a guide price of $4,350 psf, or about $15.6 million.
“In the medium to long-term, there might also be potential for a collective sale leave. We assume eager interest from owner-occupiers, discerning small businesses, exclusive wealth entities, and family office spaces focused on long-term assets security,” she adds.
Samsung Hub is a 999-year leasehold commercial development making up 30 storeys. Found throughout the CBD, the workplace is near primary financial institutions and business headquarters. It at the same time has a completely sheltered route connecting it to Raffles Place MRT Interchange Stop.
The Adelphi is a 999-year leasehold mixed-use project consisting of a five-storey retail platform and a six-storey workplace block. It lies at the corner of North Bridge Road and Coleman Street, in the heart of the civic district and close to the CBD. The structure has ample vehicle parking space of 382 parking area lots.
The two adjoining commercial strata office units at The Adelphi rise on top level of the building. The units measure 2,034 sq ft and 2,852 sq ft. They feature a reception space, an open workplace, segmented offices, boardroom, a cupboard area, discussion location and storage space. The units have a shared guide price of $14.4 million, or $2,950 psf. They can be offered collectively or separately.
