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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
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