30 Bideford Road up for sale for $600mil
Thirty Bideford Road, a free lease high-end multiple purpose project around the Orchard retail belt, has been marketed for a sign rate of $Six hundred million, announced joint marketing representatives Colliers plus Knight Frank.
The Eighteen storey development– in which acquired its own TOP in early 2K20– consists 1hundred 68 svcd housing flats additionally Fifty Four thousand Five hundred Twelve square foot of office space, retail furthermore clinical area extending across 5 floors.
” This realty is an uncommon and enticing financial investment recommendation for real estate investors hunting for a brand new freehold trophy investment found in prime District 9,” mentioned KF SGP’s Head of CM Daniel Ding.
” The business opportunity may perhaps be suited intended for hospitality managers who desire a forerunner hospitality property, or real estate investors planning to obtain a generational property.”
Located at 28 and 30 Bideford Road, the commercial property settles on a 21,602 square foot location that is sector for Commercial and also Home utilization underneath the ’19 Master Plan with a gross PR of 4.9.
It experiences convenient connectivity to various methods of transportation, with the Somerset Mass Rapid Transit station no more than 600 metre off. It is at the same time near other luxury household projects, office spaces, holiday accommodations and also shopping malls, featuring Ngee Ann City, The Paragon also Mandarin Gallery.
“Dependent on the close off of present contract at the realty, the property will be sold with uninhabited ownership for an “as is, where is” foundation, granting investors assorted possibilities in order to enhance its potentiality,” said W.L. Tang, MD at Colliers S’pore.
The joint tender for 30 Bideford Rd ceases on 15 February ’22.