Private treaty sale of 57 strata titled industrial units at Citilink Warehouse Complex
Fifty-seven freehold industrial units at Citilink Warehouse Complex in Pasir Panjang will be offered by private negotiation on Aug 14, according to Cushman & Wakefield that is marketing the asset.
The strata units up for sale variation from 947 sq ft for the most basic solo unit, to 20,046 sq ft for an overall level. According to Cushman & Wakefield, there is an early comer discount, with prices ranging from less than $1 million for the minimum unit to around $20 million for the full floor.
“Just before this strata deal launch, we have actually obtained queries from investors and even end-users showing attraction to buy perhaps individual or numerous units,” says Shaun Poh, executive head of financing markets at Cushman & Wakefield.
The industrial property has been constructed with strong specifications, consisting of well-considered traffic and commodities control, enough carpark spaces, elevated floor-to-ceiling allowance, plus ground loading considerations.
The development is similarly directly opposite the PSA Pasir Panjang Terminals as well as 500m from Pasir Panjang MRT Station on the Circle Line. It is linked to primary expressways including Ayer Rajah Expressway, West Coast Expressway, Keppel Viaduct, and even the Marina Coastal Expressway.
Citilink Warehouse Complex is an eight-storey twin-building industrial innovation that is zoned Business 1 within the master plan. The 57 strata units are primarily on the mid- to high levels, consisting of the top 4 floors in one of the blocks. This provides a customer with the adaptability to purchase private or numerous units, or overall grounds.
“Freehold strata commercial units at excellent places are pretty much sought after,” says Poh, incorporating that the proximity to the Pasir Panjang Terminal and different freeways contribute to the appeal of the venture. Cushman & Wakefield additionally agented the sale of five ground-floor units at Citilink for $9.83 million to a solo buyer.
