Private treaty sale of 57 strata titled industrial units at Citilink Warehouse Complex
Fifty-seven real estate industrial units at Citilink Warehouse Complex in Pasir Panjang will be marketed by nonpublic negotiation on Aug 14, according to Cushman & Wakefield which is marketing the commercial property.
The strata units available range from 947 sq ft for the least single unit, to 20,046 sq ft for an entire floor. According to Cushman & Wakefield, there is an early bird price cut, with prices ranging from less than $1 million for the minimum unit to about $20 million for the whole level.
The industrial premises has actually been constructed with strong specifications, including well-considered traffic also goods control, sufficient carpark facilities, high floor-to-ceiling space, and level loading issues.
The development is even precisely opposite the PSA Pasir Panjang Terminals as well as 500m from Pasir Panjang MRT Terminal on the Circle Line. It is attached to main expressways such as Ayer Rajah Expressway, West Coast Expressway, Keppel Viaduct, and the Marina Coastal Expressway.
“Freehold strata industrial units at great locations are surely sought after,” says Poh, adding that the distance to the Pasir Panjang Terminal including numerous highways contribute to the look of the venture. Cushman & Wakefield likewise brokered the sale of five ground-floor units at Citilink for $9.83 million to a solo client.
Citilink Warehouse Complex is an eight-storey twin-building commercial development that is zoned Business 1 under the master plan. The 57 strata units are primarily on the mid- to high levels, featuring the leading four levels in one of the blocks. This provides a purchaser with the versatility to purchase private or multiple units, or overall levels.
“Prior to this strata deal open, we have received queries from financiers and end-users revealing attraction to purchase perhaps personal or multiple units,” states Shaun Poh, executive supervisor of financing markets at Cushman & Wakefield.
