Private treaty sale of 57 strata titled industrial units at Citilink Warehouse Complex
Citilink Warehouse Complex is an eight-storey twin-building commercial property that is zoned Business 1 under the master plan. The 57 strata units are mainly on the mid- to high floors, involving the top four grounds in one of the blocks. This provides a buyer with the versatility to purchase personal or several units, or whole levels.
The development is similarly precisely opposite the PSA Pasir Panjang Terminals and also 500m from Pasir Panjang MRT Station on the Circle Line. It is connected to primary expressways like Ayer Rajah Expressway, West Coast Expressway, Keppel Viaduct, together with the Marina Coastal Expressway.
“Just before this strata sale start, we have actually received queries from capitalists and end-users showing rate of interest to purchase either private or numerous units,” claims Shaun Poh, executive head of investment markets at Cushman & Wakefield.
Fifty-seven property industrial units at Citilink Warehouse Complex in Pasir Panjang will be marketed by nonpublic arrangement on Aug 14, according to Cushman & Wakefield that is marketing the property.
The strata units available for sale sort from 947 sq ft for the least one unit, to 20,046 sq ft for an overall ground. According to Cushman & Wakefield, there is an early comer discount, with costs varying from less than $1 million for the tiniest unit to around $20 million for the entire floor.
The commercial property has actually been developed with strong specs, integrating well-considered traffic and commodities control, adequate carpark facilities, elevated floor-to-ceiling allowance, and level loading issues.
“Freehold strata industrial units at good locations are pretty much demanded,” claims Poh, including that the proximity to the Pasir Panjang Terminal including various freeways add to the appeal of the proposal. Cushman & Wakefield likewise brokered the sale of five ground-floor units at Citilink for $9.83 million to a solo buyer.