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 certainly be marketed by exclusive negotiation on Aug 14, according to Cushman & Wakefield that is marketing the commercial property.
The development is even directly opposite the PSA Pasir Panjang Terminals and also 500m from Pasir Panjang MRT Terminal on the Circle Line. It is connected to main expressways such as Ayer Rajah Expressway, West Coast Expressway, Keppel Viaduct, also the Marina Coastal Expressway.
“Just before this strata sale start, we have actually received enquiries from financiers and even end-users showing interest to buy either private or several units,” says Shaun Poh, executive head of financing markets at Cushman & Wakefield.
The strata units up for sale sort from 947 sq ft for the most basic single unit, to 20,046 sq ft for a complete floor. According to Cushman & Wakefield, there is a first on the scene discount, with rates ranging from less than $1 million for the tiniest unit to about $20 million for the whole floor.
Citilink Warehouse Complex is an eight-storey twin-building commercial innovation that is zoned Business 1 within the master plan. The 57 strata units are primarily on the mid- to high floors, including the top four grounds in among the neighborhoods. This provides a buyer with the flexibility to acquire personal or several units, or overall floors.
“Freehold strata commercial units at great areas are surely demanded,” says Poh, incorporating that the distance to the Pasir Panjang Terminal and also numerous highways include in the allure of the project. Cushman & Wakefield additionally dealered the sale of five ground-floor units at Citilink for $9.83 million to a solo purchaser.
The industrial property has been built with strong specifications, integrating well-considered traffic also commodities control, adequate carpark facilities, high floor-to-ceiling clearance, and even ground loading concerns.