Private treaty sale of 57 strata titled industrial units at Citilink Warehouse Complex
The commercial premises has actually been built with top specs, consisting of well-considered traffic also commodities management, sufficient carpark locations, high floor-to-ceiling allowance, and floor loading considerations.
“Freehold strata commercial units at great places are surely sought after,” says Poh, adding that the closeness to the Pasir Panjang Terminal and various highways add to the look of the proposal. Cushman & Wakefield likewise brokered the sale of 5 ground-floor units at Citilink for $9.83 million to an one client.
“Just before this strata sale release, we have received enquiries from capitalists and end-users showing rate of interest to acquire perhaps individual or multiple units,” states Shaun Poh, executive supervisor of capital markets at Cushman & Wakefield.
Fifty-seven property industrial units at Citilink Warehouse Complex in Pasir Panjang will be promoted by nonpublic treaty on Aug 14, according to Cushman & Wakefield which is marketing the commercial property.
The strata units available for sale range from 947 sq ft for the least one unit, to 20,046 sq ft for a complete level. According to Cushman & Wakefield, there is a first on the scene discount rate, with costs varying from less than $1 million for the minimum unit to around $20 million for the entire floor.
Citilink Warehouse Complex is an eight-storey twin-building commercial property that is zoned Business 1 following the master plan. The 57 strata units are mostly on the mid- to high floors, featuring the leading 4 levels in one of the neighborhoods. This offers a purchaser with the adaptability to buy personal or numerous units, or overall grounds.
The project is even outright opposite the PSA Pasir Panjang Terminals and also 500m from Pasir Panjang MRT Terminal on the Circle Line. It is linked to major expressways such as Ayer Rajah Expressway, West Coast Expressway, Keppel Viaduct, and even the Marina Coastal Expressway.