Private treaty sale of 57 strata titled industrial units at Citilink Warehouse Complex
The industrial property has been built with high specifications, consisting of well-considered traffic and goods management, sufficient carpark spaces, high floor-to-ceiling allowance, and even floor loading issues.
“Freehold strata industrial units at excellent sites are pretty much demanded,” says Poh, incorporating that the proximity to the Pasir Panjang Terminal including various highways contribute to the look of the project. Cushman & Wakefield also dealered the sale of 5 ground-floor units at Citilink for $9.83 million to a single buyer.
Fifty-seven freehold industrial units at Citilink Warehouse Complex in Pasir Panjang will certainly be marketed by nonpublic arrangement on Aug 14, according to Cushman & Wakefield which is marketing the premises.
The strata units available for sale sort from 947 sq ft for the least single unit, to 20,046 sq ft for an entire level. According to Cushman & Wakefield, there is an early comer discount, with rates ranging from less than $1 million for the smallest unit to about $20 million for the complete level.
The project is also precisely opposite the PSA Pasir Panjang Terminals and also 500m from Pasir Panjang MRT Terminal on the Circle Line. It is connected to major expressways like Ayer Rajah Expressway, West Coast Expressway, Keppel Viaduct, and even the Marina Coastal Expressway.
“Just before this strata transaction open, we have actually gotten enquiries from investors and even end-users revealing rate of interest to buy both private or several units,” states Shaun Poh, executive director of investment markets at Cushman & Wakefield.
Citilink Warehouse Complex is an eight-storey twin-building commercial innovation that is zoned Business 1 under the master plan. The 57 strata units are primarily on the mid- to high grounds, consisting of the leading 4 grounds in among the neighborhoods. This provides a purchaser with the versatility to purchase private or numerous units, or entire levels.