Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Tenure Type Freehold
Building Area

Property Description

JLL is pleased to present the opportunity to acquire Victory Point, a freehold mixed development comprising of 3 commercial units and 9 residential units strategically nestled within the Balestier Conservation Area. Nine mechanised carpark lots are also housed within the development. Completed in 2010, the property occupies a land area of approximately 3,463 square feet and has a gross floor area of about 10,609 square feet. Under the 2019 Master Plan, the site is zoned “Commercial & Residential”.

 

Fronting the bustling Balestier Road and Ava Road, the property has a prominent corner location commanding excellent visibility. Coupled with its coveted freehold tenure and central location, astute investors are presented with an exceptional opportunity to acquire a mixed-use development in an established F&B and rich cultural destination, with strong potential for capital and rental upside.

 

The property is for sale via Public Tender, closing 14 September 2020 (Monday), at 3.00 p.m.

Investment Highlights

  • Mixed-use development
  • 2-storey with attic conservation shop-house with 6-storey rear apartment block
  • Prominent frontage; excellent visibility
  • Strong potential for co-living concept
  • Potential exit with strata sub-divisions for sale
Last Updated Date: 30 Jul 2020
Hong Boon Tan
Tan Hong Boon
Executive Director, Capital Markets
License details
R001322Z
Choon Fah Yong
Choon Fah Yong
Senior Director, Capital Markets
License details
R001321A

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Last Updated Date: 30 Jul 2020

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