Office units at Samsung Hub and The Adelphi on the market for $30 mil

Samsung Hub is a 999-year leasehold business project making up 30 storeys. Located inside the CBD, the office is near major banks and business head offices. It at the same time has a totally protected route connecting it to Raffles Place MRT Interchange Terminal.

A prime office space unit at Samsung Hub on Church Street and 2 workplace units at The Adelphi on Coleman Street have actually been put up for sale, according to single marketer Brilliance Capital in a July 3 bulletin.

The two adjacent commercial strata office space units at The Adelphi are located at the top floor of the establishment. The units measure 2,034 sq ft and 2,852 sq ft. They provide a function place, an open office space, partitioned offices, conference rooms, a pantry area, discussion area and storage space. The units have a combined overview price of $14.4 million, or $2,950 psf. They can be marketed collectively or independently.

“In the medium to long term, there may also be probable for a cumulative sale exit. We assume eager attraction from owner-occupiers, discerning small companies, private wealth entities, and family office spaces focused on long-term wealth security,” she includes.

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The Samsung Center office space unit stands on a high storey and occupies 3,595 sq ft. The unit will most likely be sold with existing tenancy and is offered on an exclusive treaty basis. The workplace features a column-free and standard layout. It has a guide price of $4,350 psf, or about $15.6 million.

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 edge of North Bridge Road and Coleman Street, in the heart of the civic district and near the CBD. The building has sufficient parking space of 382 parking area lots.

Sammi Lim, owner and executive director of Brilliance Capital, claims that the individual strata titles at The Adelphi offer versatility for buyers to offer on a piecemeal ground or contract to multiple renters.

Both properties are allowed for foreigners to acquire without paying added purchaser’s and dealer’s stamp responsibility.

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