Office units at Samsung Hub and The Adelphi on the market for $30 mil
A prime office unit at Samsung Hub on Church Street and 2 office space units at The Adelphi on Coleman Road have been put up for sale, according to sole marketer Brilliance Capital in a July 3 announcement.
The Adelphi is a 999-year leasehold mixed-use project consisting of 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 area and close to the CBD. The structure has adequate parking location of 382 parking lot lots.
Both adjacent business strata workplace units at The Adelphi are located at the top ground of the establishment. The units measure 2,034 sq ft and 2,852 sq ft. They feature a reception area, an open office, partitioned offices, boardroom, a cupboard space, conversation area and storage sector. The units have a combined guide cost of $14.4 million, or $2,950 psf. They can be sold jointly or independently.
Samsung Hub is a 999-year leasehold business development composing 30 storeys. Found inside the CBD, the office is near main banks and company central offices. It at the same time has a fully sheltered path connecting it to Raffles Place MRT Interchange Terminal.
The Samsung Hub office unit is located on a high level and occupies 3,595 sq ft. The unit is going to be marketed with existing tenancy and is readily available on a private treaty basis. The office space features a column-free and regular design. It has a guide price of $4,350 psf, or about $15.6 million.
Sammi Lim, founder and exec head of Brilliance Capital, says that the individual strata titles at The Adelphi offer flexibility for purchasers to offer on a piecemeal manner or lease to several renters.
“In the medium to long-term, there may even be probable for a collective sale leave. We expect eager attraction from owner-occupiers, discerning small companies, exclusive wealth entities, and family offices directed on long-term assets safety,” she includes.
Both estates are eligible for foreigners to obtain without paying for additional buyer’s and seller’s stamp duty.
