30 Bideford Road up for sale for $600mil
30 Bideford Road, a free rent high end mixed-use development along the Orchard shopping rd, has recently been put up for deal for a sign figure of $600 million, disclosed collective advertising operators Colliers and KF.
The 18-storey development– in which acquired its TOP in first half ’20– consists of One hundred Sixty Eight svcd home units including Fifty Four thousand Five hundred Twelve square foot of business office, shopping including health care area covering 5 storeys.
” This apartment is really an infrequent and also desirable investment proposal for capitalists seeking out a fresh lease free trophy asset positioned in prime Area Nine,” mentioned KF SGP’s Chief of CM Daniel Ding.
” The business opportunity might just appropriate concerning hospitality managers who want a forerunner hospitality asset, or investors considering to get hold of a generational property.”
Positioned at 28 and 30 Bideford Rd, the mixed property rests on a 21.602K sq ft site that is sectioned for Business together with Residential benefit beneath the 2K19 Master Plan with a complete plot ratio of 4.9.
It delights in easy accessibility to numerous modes of transportation, with the Somerset train station only 600 metre distant. The realty is at the same time close to many other high-end home developments, office spaces, holiday accommodations as well as shopping center, featuring Ngee Ann City, The Paragon as well as Mandarin Gallery.
“Subject to the completion of present contract at the residence, the commercial property will be retailed with bare possession for an “as is, where is” grounds, presenting investors a wide range of approaches in order to maximise its potentiality,” shared W.L. Tang, MD at Colliers S’pore.
The joined tender for 30 Bideford Rd concludes on 15 Feb ’22.