Citilink Warehouse Complex’s 57 strata-titled industrial units are being sold by private treaty
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Freehold industrial units comprising fifty-seven at Citilink Warehouse Complex located in Pasir Panjang, will be auctioned off through private treaty on August 14th, according to Cushman & Wakefield which is marketing the property.
The available strata units are available from 947 square feet for the smallest single unit up to 20,046 square feet for the entire floor. As per Cushman & Wakefield, there is a discount for early birds and prices range under $1 million in the most basic unit, to around twenty million for a whole floor.
“Before this sale’s launch we’ve had inquiries from end-users and investors showing desire to purchase individual or multiple units” states Shaun Poh, executive director of capital markets at Cushman & Wakefield.
Citilink Warehouse Complex is an eight-storey industrial development in twin-buildings which is classified as Business 1 under the master plan. The 57 strata units are located in the middle to high floors, and include 4 floors on top of one block. The buyer has the option of purchasing one or more units, or whole floors.
The industrial building was constructed with top quality specifications that include well-thought transportation and management of goods parking facilities that are ample with a high floor-to-ceiling clearance and considerations for floor loading.
The development is situated right next to that of the PSA Pasir Panjang Terminals and is just 500m away from Pasir Panjang MRT Station on the Circle Line. It is linked to major expressways like the Ayer Rajah Expressway, West Coast Expressway, Keppel Viaduct as well as the Marina Coastal Expressway.
“Freehold commercial units in strata in great locations are sought-after,” says Poh, and he adds that the proximity of and the Pasir Panjang Terminal and various highways enhance the attraction of the development. Cushman & Wakefield also brokered the sale of five ground floor buildings for Citilink in the amount of $9.83 millions to one buyer.