30 Bideford Road up for sale for $600mil
Thirty Bideford Road, a freehold luxury mixed-use development on the Orchard retail street, has already been marketed for a measure figure of $600 million, reported collective marketing professionals Colliers as well as KF.
The 18 storey project– in which acquired its own Temporary Occupation Permit in first half 2020– contains 168 svcd housing apartments additionally Fifty Four thousand Five hundred Twelve sq ft of business, retail as well as health care space spanning five storeys.
” This mixed property is really an unusual and appealing financial investment proposition for investors trying to find a fresh free lease trophy property placed in main Area Nine,” announced Knight Frank Singapore’s Chief of Capital Markets Daniel Ding.
” The prospect may perhaps appropriate concerning hospitality providers that desire a key hospitality property, or real estate investors looking to get hold of a generational property.”
Situated at Twenty Eight as well as 30 Bideford Road, the commercial property settles on a 21thousand 6hundred 2 square feet location in which is zoned for Commercial as well as Household use within the 2K19 Master Plan with a complete PR of 4.9.
It experiences manageable accessibility to various means of travelling, by having the Somerset MRT terminal simply 600 metre off. The building is equally nearby various premium residential properties, workplaces, holiday accommodations and also shopping malls, including Ngee Ann City, The Paragon also Mandarin Gallery.
“Based on the discontinuation of current rentals at the commercial property, the residence will be advertised upon bare possession for an “as is, where is” manner, providing real estate investors a wide range of selections in order to increase its potentiality,” reported Wei Leng Tang, MD at Colliers SGP.
The cooperative tender for Thirty Bideford Road ends on 15Feb2022.