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Victory Point, comprising a two-storey conservation shophouse with an attic and a six-storey rear apartment block in Balestier, has been launched for sale at an indicative price of $14.7 million.
The price for the mixed-use development, held under a single title, translates to about $1,390 per sq ft (psf) based on the estimated gross floor area of 10,609 sq ft, exclusive marketing agent JLL said yesterday.
The shophouse at 271 Balestier Road houses a 24-hour convenience store on the ground floor, with the second storey and the attic for office use.
Meanwhile, the rear residential block with nine apartments, at 2 Ava Road, is wholly leased to a master tenant. The building also houses nine mechanised carpark spaces.
Situated in the Balestier Conservation Area, the site has a land area of 3,463 sq ft and is zoned for commercial and residential use under the Urban Redevelopment Authority's Draft Master Plan 2019.
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Previous news selection
Home price hikes could persist until Q3 2020
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Agent.sg's Daily Property News Selection brings you the most important property market news in and around Singapore. We list the best articles on real estate development, property investment and on the property listing market on a daily basis - whoever stays out, misses out.
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