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 mostly on the mid- to high floors, involving the top four floors in one of the neighborhoods. This offers a purchaser with the versatility to acquire individual or several units, or whole levels.
“Prior to this strata deal open, we have obtained queries from capitalists and end-users presenting attraction to acquire possibly private or several units,” states Shaun Poh, executive director of investment markets at Cushman & Wakefield.
The commercial premises has been constructed with strong requirements, integrating well-considered traffic also commodities management, sufficient carpark facilities, high floor-to-ceiling space, and even level loading considerations.
Fifty-seven real estate industrial units at Citilink Warehouse Complex in Pasir Panjang will be sold by nonpublic negotiation on Aug 14, according to Cushman & Wakefield which is marketing the premises.
The strata units available sort from 947 sq ft for the smallest solo unit, to 20,046 sq ft for a complete level. According to Cushman & Wakefield, there is a first on the scene discount rate, with rates varying from less than $1 million for the tiniest unit to about $20 million for the whole level.
“Freehold strata industrial units at excellent places are surely searched for,” says Poh, including that the proximity to the Pasir Panjang Terminal including different highways add to the charm of the project. Cushman & Wakefield additionally agented the sale of 5 ground-floor units at Citilink for $9.83 million to a single client.
The project is similarly directly opposite the PSA Pasir Panjang Terminals and 500m from Pasir Panjang MRT Terminal on the Circle Line. It is linked to major expressways including Ayer Rajah Expressway, West Coast Expressway, Keppel Viaduct, also the Marina Coastal Expressway.