Private treaty sale of 57 strata titled industrial units at Citilink Warehouse Complex
The development is even outright opposite the PSA Pasir Panjang Terminals and also 500m from Pasir Panjang MRT Station on the Circle Line. It is attached to main expressways including Ayer Rajah Expressway, West Coast Expressway, Keppel Viaduct, and the Marina Coastal Expressway.
“Just before this strata deal open, we have actually obtained queries from investors and end-users presenting attraction to acquire perhaps private or numerous units,” claims Shaun Poh, executive head of capital markets at Cushman & Wakefield.
“Freehold strata industrial units at excellent locations are very well demanded,” states Poh, incorporating that the closeness to the Pasir Panjang Terminal including different highways include in the charm of the project. Cushman & Wakefield also agented the sale of 5 ground-floor units at Citilink for $9.83 million to a single client.
The industrial establishment has actually been developed with high specifications, including well-considered traffic and supplies control, sufficient carpark facilities, high floor-to-ceiling space, and even floor loading considerations.
The strata units available variation from 947 sq ft for the smallest solo unit, to 20,046 sq ft for an entire floor. According to Cushman & Wakefield, there is a first on the scene discount rate, with rates ranging from less than $1 million for the minimum unit to around $20 million for the whole ground.
Fifty-seven real estate industrial units at Citilink Warehouse Complex in Pasir Panjang will certainly be marketed by nonpublic treaty on Aug 14, according to Cushman & Wakefield which is marketing the asset.
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 levels, featuring the top 4 grounds in one of the blocks. This gives a purchaser with the flexibility to acquire personal or multiple units, or overall grounds.
