Private treaty sale of 57 strata titled industrial units at Citilink Warehouse Complex
Citilink Warehouse Complex is an eight-storey twin-building commercial innovation that is zoned Business 1 following the master plan. The 57 strata units are primarily on the mid- to high floors, including the leading four floors in one of the neighborhoods. This offers a buyer with the versatility to buy personal or multiple units, or whole levels.
Fifty-seven real estate industrial units at Citilink Warehouse Complex in Pasir Panjang will be sold by private negotiation on Aug 14, according to Cushman & Wakefield that is marketing the asset.
The project is similarly directly opposite the PSA Pasir Panjang Terminals as well as 500m from Pasir Panjang MRT Terminal on the Circle Line. It is attached to major expressways like Ayer Rajah Expressway, West Coast Expressway, Keppel Viaduct, and the Marina Coastal Expressway.
The strata units up for sale variation from 947 sq ft for the least single unit, to 20,046 sq ft for a whole floor. According to Cushman & Wakefield, there is an early bird price cut, with costs varying from less than $1 million for the tiniest unit to around $20 million for the entire level.
“Freehold strata commercial units at good areas are surely demanded,” states Poh, incorporating that the proximity to the Pasir Panjang Terminal including various highways add to the appeal of the proposal. Cushman & Wakefield likewise agented the sale of five ground-floor units at Citilink for $9.83 million to an one buyer.
The industrial property has been built with high specs, including well-considered traffic furthermore commodities management, sufficient carpark locations, elevated floor-to-ceiling space, and even ground loading issues.
“Prior to this strata transaction start, we have actually obtained enquiries from capitalists and end-users presenting attraction to acquire both private or numerous units,” says Shaun Poh, executive director of capital markets at Cushman & Wakefield.
