Private treaty sale of 57 strata titled industrial units at Citilink Warehouse Complex
Fifty-seven property industrial units at Citilink Warehouse Complex in Pasir Panjang will certainly be promoted by nonpublic negotiation on Aug 14, according to Cushman & Wakefield which is marketing the asset.
The project is similarly directly opposite the PSA Pasir Panjang Terminals and 500m from Pasir Panjang MRT Station on the Circle Line. It is connected to major expressways including Ayer Rajah Expressway, West Coast Expressway, Keppel Viaduct, also the Marina Coastal Expressway.
“Freehold strata commercial units at great sites are surely sought after,” states Poh, adding that the proximity to the Pasir Panjang Terminal and different freeways contribute to the appeal of the project. Cushman & Wakefield also dealered the sale of five ground-floor units at Citilink for $9.83 million to a single client.
The commercial establishment has been built with high requirements, integrating well-considered traffic furthermore goods control, enough carpark locations, high floor-to-ceiling allowance, and even ground loading issues.
The strata units available for sale variation from 947 sq ft for the smallest single unit, to 20,046 sq ft for a whole floor. According to Cushman & Wakefield, there is an early comer discount, with prices varying from less than $1 million for the minimum unit to about $20 million for the complete ground.
“Prior to this strata sale start, we have actually gotten enquiries from investors and end-users presenting rate of interest to acquire either personal or numerous units,” claims Shaun Poh, executive head of financing markets at Cushman & Wakefield.
Citilink Warehouse Complex is an eight-storey twin-building commercial property that is zoned Business 1 following the master plan. The 57 strata units are primarily on the mid- to high levels, featuring the top four floors in among the blocks. This provides a purchaser with the flexibility to buy personal or multiple units, or entire levels.