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 be marketed by nonpublic arrangement on Aug 14, according to Cushman & Wakefield that is marketing the commercial property.
“Before this strata transaction release, we have actually obtained enquiries from financiers and end-users presenting rate of interest to acquire possibly personal or numerous units,” says Shaun Poh, executive director of capital markets at Cushman & Wakefield.
The strata units up for sale sort from 947 sq ft for the smallest solo unit, to 20,046 sq ft for an entire floor. According to Cushman & Wakefield, there is an early bird discount rate, with costs stretching from less than $1 million for the minimum unit to around $20 million for the whole ground.
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 primarily on the mid- to high levels, featuring the top four floors in among the neighborhoods. This gives a purchaser with the versatility to invest in personal or several units, or entire grounds.
“Freehold strata commercial units at great places are surely demanded,” says Poh, adding that the closeness to the Pasir Panjang Terminal and various highways add to the look of the project. Cushman & Wakefield likewise dealered the sale of five ground-floor units at Citilink for $9.83 million to a solo purchaser.
The project is even directly opposite the PSA Pasir Panjang Terminals and 500m from Pasir Panjang MRT Terminal on the Circle Line. It is linked to main expressways like Ayer Rajah Expressway, West Coast Expressway, Keppel Viaduct, also the Marina Coastal Expressway.
The commercial establishment has actually been constructed with top specs, consisting of well-considered traffic also commodities management, ample carpark locations, high floor-to-ceiling space, plus ground loading concerns.