Private treaty sale of 57 strata titled industrial units at Citilink Warehouse Complex
The industrial premises has been developed with strong requirements, consisting of well-considered traffic and goods control, ample carpark locations, high floor-to-ceiling clearance, plus ground loading concerns.
Fifty-seven property industrial units at Citilink Warehouse Complex in Pasir Panjang will be promoted by exclusive treaty on Aug 14, according to Cushman & Wakefield which is marketing the commercial property.
The strata units up for sale range from 947 sq ft for the smallest solo unit, to 20,046 sq ft for a the entire ground. According to Cushman & Wakefield, there is an early comer discount rate, with rates varying from less than $1 million for the tiniest unit to around $20 million for the entire floor.
“Freehold strata commercial units at good sites are pretty much sought after,” says Poh, incorporating that the closeness to the Pasir Panjang Terminal including numerous highways contribute to the appeal of the project. Cushman & Wakefield likewise dealered the sale of 5 ground-floor units at Citilink for $9.83 million to a solo purchaser.
The development is even precisely opposite the PSA Pasir Panjang Terminals and 500m from Pasir Panjang MRT Station on the Circle Line. It is linked to major expressways such as Ayer Rajah Expressway, West Coast Expressway, Keppel Viaduct, together with the Marina Coastal Expressway.
Citilink Warehouse Complex is an eight-storey twin-building industrial development that is zoned Business 1 following the master plan. The 57 strata units are primarily on the mid- to high levels, involving the leading 4 grounds in among the blocks. This gives a buyer with the adaptability to acquire private or multiple units, or whole grounds.
“Just before this strata transaction open, we have actually received queries from capitalists and even end-users presenting curiosity to acquire both individual or numerous units,” claims Shaun Poh, executive head of investment markets at Cushman & Wakefield.