30 Bideford Road up for sale for $600mil
30 Bideford Road, a freehold high-class mixture utilization development by the Orchard shopping road, has gotten put up for deal for a minimal rate of $6hundred mil, announced joint marketing and advertising agents Colliers and KF.
The 18-storey development– which acquired its TOP in early 2020– contains 168 serviced residence apartments along with 54,512 sq ft of workplace, shopping including health care area covering 5 floors.
” This residence is really a rare and desirable investment proposal for real estate investors seeking out a brand new free lease trophy investment placed in top District 9,” reported KF S’pore’s Head of Capital Markets Daniel Ding.
” The possibility might possibly appropriate intended for hospitality operators that desire a forerunner hospitality investment, or real estate investors hoping to attain a generational property.”
Found at Twenty Eight and Thirty Bideford Rd, the building sits on a 21,602 square foot spot that is zoned for Commercial also House utilization under the ’19 Master Plan with a complete plot ratio of Four point Nine.
It takes pleasure in very easy accessibility to many forms of transportation, with the Somerset Mass Rapid Transit station simply just 600 metre away. The commercial property is equally nearby other upscale home developments, offices, hotels and also shopping malls, such as Ngee Ann City, The Paragon as well as Mandarin Gallery.
“Based on the termination of current leases at the mixed property, the building will certainly be sold upon tenantless possession on an “as is, where is” manner, granting real estate investors a variety of options in order to increase its potential,” reported W.L. Tang, MD at Colliers SGP.
The joint bid for 30 Bideford Rd closes on 15February’22.