Private treaty sale of 57 strata titled industrial units at Citilink Warehouse Complex
The industrial property has actually been constructed with strong requirements, including well-considered traffic and supplies control, ample carpark spaces, elevated floor-to-ceiling space, and level loading concerns.
“Before this strata transaction open, we have actually received enquiries from capitalists and even end-users showing curiosity to purchase perhaps individual or numerous units,” claims Shaun Poh, executive supervisor of investment markets at Cushman & Wakefield.
“Freehold strata industrial units at excellent locations are surely sought after,” claims Poh, including that the proximity to the Pasir Panjang Terminal including different highways contribute to the look of the project. Cushman & Wakefield also agented the sale of five ground-floor units at Citilink for $9.83 million to an one buyer.
Citilink Warehouse Complex is an eight-storey twin-building industrial development that is zoned Business 1 following the master plan. The 57 strata units are mainly on the mid- to high levels, consisting of the leading four levels in one of the neighborhoods. This offers a customer with the flexibility to buy individual or several units, or overall levels.
The strata units available for sale range from 947 sq ft for the least one unit, to 20,046 sq ft for an entire floor. According to Cushman & Wakefield, there is an early comer discount, with prices ranging from less than $1 million for the tiniest unit to around $20 million for the entire level.
The development is also outright opposite the PSA Pasir Panjang Terminals and 500m from Pasir Panjang MRT Terminal on the Circle Line. It is attached to primary expressways like Ayer Rajah Expressway, West Coast Expressway, Keppel Viaduct, also the Marina Coastal Expressway.
Fifty-seven property industrial units at Citilink Warehouse Complex in Pasir Panjang will be sold by exclusive treaty on Aug 14, according to Cushman & Wakefield that is marketing the premises.