Office units at Samsung Hub and The Adelphi on the market for $30 mil
A prime office unit at Samsung Hub on Church Road and 2 workplace units at The Adelphi on Coleman Street have actually been put up for sale, according to sole marketer Brilliance Capital in a July 3 news release.
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 is located at the corner of North Bridge Road and Coleman Street, in the heart of the civic area and near the CBD. The facility has ample parking space of 382 parking area lots.
Samsung Hub is a 999-year leasehold commercial property development composing 30 storeys. Situated inside the CBD, the workplace is near main financial institutions and corporate headquarters. It also has a completely covered route linking it to Raffles Place MRT Interchange Stop.
Both estates are eligible for foreigners to purchase without paying for added customer’s and seller’s stamp responsibility.
“In the medium to long-term, there might also be potential for a cumulative sale way out. We expect eager attraction from owner-occupiers, discerning small businesses, exclusive wealth entities, and family office spaces centered on long-term assets security,” she adds.
Both adjacent business strata office space units at The Adelphi lie 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, separated offices, meeting room, a kitchen part, discussion space and storage sector. The units have a combined guide rate of $14.4 million, or $2,950 psf. They can be offered collectively or separately.
The Samsung Center office unit lies on a high floor and occupies 3,595 sq ft. The unit is going to be sold with existing occupancy and is offered on an exclusive treaty basis. The workplace includes a column-free and normal design. It has a guide rate of $4,350 psf, or around $15.6 million.
Sammi Lim, creator and executive head of Brilliance Capital, claims that the individual strata titles at The Adelphi offer versatility for buyers to offer on a piecemeal ground or lease to several lessees.
