Private treaty sale of 57 strata titled industrial units at Citilink Warehouse Complex
The commercial establishment has actually been built with strong specifications, including well-considered traffic and commodities management, adequate carpark locations, high floor-to-ceiling allowance, and even floor loading considerations.
“Just before this strata transaction launch, we have obtained queries from investors and end-users showing attraction to buy both individual or multiple units,” states Shaun Poh, executive supervisor of financing markets at Cushman & Wakefield.
Citilink Warehouse Complex is an eight-storey twin-building industrial development that is zoned Business 1 within the master plan. The 57 strata units are mainly on the mid- to high grounds, consisting of the top four floors in one of the blocks. This supplies a purchaser with the adaptability to acquire personal or several units, or overall floors.
The strata units available for sale variation from 947 sq ft for the most basic solo unit, to 20,046 sq ft for a complete level. According to Cushman & Wakefield, there is an early comer discount, with costs stretching from less than $1 million for the tiniest unit to around $20 million for the full ground.
The development is also precisely opposite the PSA Pasir Panjang Terminals and 500m from Pasir Panjang MRT Terminal on the Circle Line. It is linked to main expressways such as Ayer Rajah Expressway, West Coast Expressway, Keppel Viaduct, and even the Marina Coastal Expressway.
Fifty-seven freehold industrial units at Citilink Warehouse Complex in Pasir Panjang will be promoted by exclusive negotiation on Aug 14, according to Cushman & Wakefield that is marketing the asset.
“Freehold strata commercial units at excellent locations are pretty much sought after,” states Poh, incorporating that the closeness to the Pasir Panjang Terminal including numerous freeways add to the allure of the venture. Cushman & Wakefield likewise dealered the sale of 5 ground-floor units at Citilink for $9.83 million to a solo buyer.
