Private treaty sale of 57 strata titled industrial units at Citilink Warehouse Complex
The development is even directly opposite the PSA Pasir Panjang Terminals and 500m from Pasir Panjang MRT Station on the Circle Line. It is attached to main expressways such as Ayer Rajah Expressway, West Coast Expressway, Keppel Viaduct, together with the Marina Coastal Expressway.
“Freehold strata commercial units at good places are very well searched for,” states Poh, including that the closeness to the Pasir Panjang Terminal and numerous freeways include in the appeal of the venture. Cushman & Wakefield likewise brokered the sale of 5 ground-floor units at Citilink for $9.83 million to a single client.
Fifty-seven real estate industrial units at Citilink Warehouse Complex in Pasir Panjang will be promoted by nonpublic arrangement on Aug 14, according to Cushman & Wakefield that is marketing the commercial property.
The strata units up for sale range from 947 sq ft for the least one unit, to 20,046 sq ft for a whole ground. According to Cushman & Wakefield, there is a first on the scene discount, with rates stretching from less than $1 million for the smallest unit to around $20 million for the entire ground.
The commercial premises has actually been built with top specifications, consisting of well-considered traffic also commodities management, adequate carpark facilities, high floor-to-ceiling allowance, and even ground loading considerations.
“Just before this strata deal release, we have actually obtained queries from investors and even end-users presenting interest to purchase possibly individual or multiple units,” says Shaun Poh, executive head of investment markets at Cushman & Wakefield.
Citilink Warehouse Complex is an eight-storey twin-building commercial development that is zoned Business 1 following the master plan. The 57 strata units are mostly on the mid- to high grounds, consisting of the leading four grounds in among the blocks. This gives a customer with the flexibility to buy personal or several units, or whole levels.