30 Bideford Road up for sale for $600mil
Thirty Bideford Rd, a freehold high-end multiple use project along the Orchard shopping road, has recently gotten offered by having a sign rate of $6hundred mil, revealed cooperative marketing and advertising operators Colliers as well as Knight Frank.
The 18 floor property– which obtained its Temporary Occupation Permit in first half 2K20– contains One hundred Sixty Eight serviced home flats including 54thousand 5hundred 12 sq ft of business, retail furthermore healthcare area extending 5 levels.
” This residence is really an unusual and appealing financial investment recommendation for real estate investors trying to find a new free rent trophy asset placed in prime District Nine,” announced KF S’pore’s Chief of Capital Markets Daniel Ding.
” The prospect may be desirable intended for hospitality providers that seek a flagship hospitality investment, or investors wanting to secure a generational property.”
Situated at Twenty Eight and Thirty Bideford Road, the mixed property lies on a 21thousand 6hundred 2 sq ft spot in which is sectioned for Commercial together with Housing benefit beneath the 2K19 Master Plan with a gross PR of 4.9.
It experiences manageable connection to several means of transport, by having the Somerset MRT station simply just Six hundred m distant. It is likewise neighboring various high-end house properties, business offices, hotels furthermore shopping center, featuring NAC, The Paragon as well as Mandarin Gallery.
“Based on the conclusion of occurring leases at the realty, the residence is going to be retailed upon vacant possession for an “as is, where is” manner, offering real estate investors a variety of options in order to maximise its capability,” stated Wei Leng Tang, Managing Director at Colliers S’pore.
The joint tender for Thirty Bideford Rd terminates on 15Feb2022.
