Private treaty sale of 57 strata titled industrial units at Citilink Warehouse Complex
Citilink Warehouse Complex is an eight-storey twin-building commercial development that is zoned Business 1 following the master plan. The 57 strata units are mainly on the mid- to high floors, involving the top 4 floors in one of the blocks. This offers a customer with the flexibility to acquire private or multiple units, or whole levels.
Fifty-seven real estate industrial units at Citilink Warehouse Complex in Pasir Panjang will certainly be marketed by nonpublic arrangement on Aug 14, according to Cushman & Wakefield that is marketing the premises.
The commercial property has actually been built with high specs, integrating well-considered traffic and commodities management, ample carpark locations, elevated floor-to-ceiling clearance, and even floor loading considerations.
“Freehold strata commercial units at good locations are surely sought after,” claims Poh, including that the proximity to the Pasir Panjang Terminal including various freeways add to the appeal of the proposal. Cushman & Wakefield additionally brokered the sale of five ground-floor units at Citilink for $9.83 million to a single buyer.
The project is similarly outright opposite the PSA Pasir Panjang Terminals and 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.
The strata units for sale variation from 947 sq ft for the smallest solo unit, to 20,046 sq ft for a complete ground. According to Cushman & Wakefield, there is a first on the scene price cut, with costs stretching from less than $1 million for the smallest unit to about $20 million for the full floor.
“Prior to this strata transaction launch, we have actually gotten enquiries from capitalists and end-users revealing attraction to buy possibly individual or numerous units,” claims Shaun Poh, executive supervisor of investment markets at Cushman & Wakefield.
