Private treaty sale of 57 strata titled industrial units at Citilink Warehouse Complex
Citilink Warehouse Complex is an eight-storey twin-building industrial property that is zoned Business 1 following the master plan. The 57 strata units are mainly on the mid- to high grounds, involving the top 4 grounds in among the blocks. This offers a buyer with the adaptability to purchase personal or numerous units, or whole grounds.
The industrial building has been constructed with high requirements, consisting of well-considered traffic and commodities control, adequate carpark facilities, elevated floor-to-ceiling clearance, and even level loading issues.
Fifty-seven real estate industrial units at Citilink Warehouse Complex in Pasir Panjang will certainly be promoted by private negotiation on Aug 14, according to Cushman & Wakefield that is marketing the asset.
“Before this strata sale open, we have gotten enquiries from financiers and even end-users presenting curiosity to acquire possibly personal or numerous units,” says Shaun Poh, executive supervisor of capital markets at Cushman & Wakefield.
The development is similarly outright opposite the PSA Pasir Panjang Terminals and also 500m from Pasir Panjang MRT Terminal on the Circle Line. It is linked to primary expressways such as Ayer Rajah Expressway, West Coast Expressway, Keppel Viaduct, also the Marina Coastal Expressway.
The strata units up for sale sort from 947 sq ft for the least one unit, to 20,046 sq ft for a whole ground. According to Cushman & Wakefield, there is a first on the scene discount rate, with rates stretching from less than $1 million for the tiniest unit to about $20 million for the full level.
“Freehold strata industrial units at excellent places are very well searched for,” claims Poh, including that the distance to the Pasir Panjang Terminal including different freeways contribute to the appeal of the project. Cushman & Wakefield also brokered the sale of 5 ground-floor units at Citilink for $9.83 million to a solo client.