Office units at Samsung Hub and The Adelphi on the market for $30 mil
A prime workplace unit at Samsung Center on Church Road and two workplace units at The Adelphi on Coleman Road have been put up for sale, according to only marketer Brilliance Capital in a July 3 press release.
The two adjoining business strata office space units at The Adelphi are located at the top floor of the building. The units measure 2,034 sq ft and 2,852 sq ft. They provide a function area, an open workplace, partitioned workplaces, meeting room, a cupboard area, huddle space and storage space. The units have a shared guide rate of $14.4 million, or $2,950 psf. They can be marketed jointly or separately.
The Adelphi is a 999-year leasehold mixed-use property development consisting of a five-storey retail platform and a six-storey workplace block. It is located at the corner of North Bridge Road and Coleman Street, in the heart of the civic district and close to the CBD. The building has ample car parking space of 382 parking lot lots.
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“In the medium to long-term, there might also be potential for a cumulative sale way out. We expect keen attraction from owner-occupiers, discerning local business, exclusive wealth entities, and family offices focused on long-term wealth preservation,” she includes.
Sammi Lim, owner and executive head of Brilliance Capital, states that the individual strata titles at The Adelphi offer flexibility for buyers to sell on a piecemeal basis or lease to several occupants.
The Samsung Center workplace unit stands on a high level and holds 3,595 sq ft. The unit will be sold with existing tenancy and is offered on a personal treaty basis. The office includes a column-free and normal format. It has a guide fee of $4,350 psf, or about $15.6 million.
Samsung Hub is a 999-year leasehold business development comprising 30 storeys. Located within the CBD, the office is near major financial institutions and corporate central offices. It additionally has a completely sheltered way connecting it to Raffles Place MRT Interchange Station.
Both properties are allowed for foreigners to buy without spending added customer’s and retailer’s stamp responsibility.
