30 Bideford Road up for sale for $600mil
30 Bideford Road, a freehold luxurious mixed-use property on the Orchard retail road, has recently gotten offered for a minimal amount of $600 million, announced cooperative advertising and marketing professionals Colliers and Knight Frank.
The 18-storey property– which acquired its own TOP in first half 2K20– comprises 1hundred 68 serviced residential units as well as 54thousand 5hundred 12 square foot of business, shopping furthermore healthcare area extending across 5 storeys.
” This realty is really a rare and also eye-catching investment recommendation for real estate investors trying to find a brand-new rent free trophy property positioned in prime District 9,” reported KF SGP’s Head of CM Daniel Ding.
” The possibility may perhaps appropriate for hospitality providers that look for a forerunner hospitality investment, or financiers looking to obtain a generational investment.”
Located at Twenty Eight and 30 Bideford Road, the property settles on a 21thousand 6hundred 2 sq ft site that is zoned for Commercial including Non commercial operation under the 2K19 Master Plan with a total plot ratio of Four point Nine.
It appreciates quick and easy connection to a variety of forms of travelling, by having the Somerset train station only 6hundred metre distant. It is equally near different upscale house properties, business offices, hotels also shopping center, such as NAC, The Paragon also Mandarin Gallery.
“Based on the completion of current contract at the property, the building will be sold with tenantless possession for an “as is, where is” grounds, presenting financiers assorted options to make the most of its potential,” announced W.L. Tang, Managing Director at Colliers SGP.
The joint tender for 30 Bideford Rd closes on 15February2022.