Private treaty sale of 57 strata titled industrial units at Citilink Warehouse Complex
The project is similarly directly opposite the PSA Pasir Panjang Terminals and 500m from Pasir Panjang MRT Terminal on the Circle Line. It is connected to major expressways such as Ayer Rajah Expressway, West Coast Expressway, Keppel Viaduct, together with the Marina Coastal Expressway.
“Freehold strata commercial units at good locations are very well sought after,” claims Poh, incorporating that the distance to the Pasir Panjang Terminal and also numerous freeways add to the charm of the venture. Cushman & Wakefield likewise dealered the sale of 5 ground-floor units at Citilink for $9.83 million to a single client.
Citilink Warehouse Complex is an eight-storey twin-building industrial innovation that is zoned Business 1 following the master plan. The 57 strata units are mainly on the mid- to high levels, including the top 4 levels in among the neighborhoods. This provides a buyer with the versatility to purchase personal or multiple units, or entire grounds.
The strata units available for sale variation from 947 sq ft for the least single unit, to 20,046 sq ft for an entire ground. According to Cushman & Wakefield, there is an early comer discount, with prices ranging from less than $1 million for the smallest unit to about $20 million for the whole level.
“Just before this strata sale start, we have actually obtained enquiries from financiers and end-users presenting interest to buy perhaps private or several units,” states Shaun Poh, executive director of investment markets at Cushman & Wakefield.
Fifty-seven real estate industrial units at Citilink Warehouse Complex in Pasir Panjang will certainly be promoted by nonpublic treaty on Aug 14, according to Cushman & Wakefield that is marketing the commercial property.
The commercial building has actually been constructed with strong specifications, including well-considered traffic furthermore goods control, adequate carpark locations, elevated floor-to-ceiling clearance, and floor loading concerns.