
Victory Factory Building property on the market for $579m
The 12-storey building including rooftop has 123,036 sq. ft. of gross floor area.
Victory Factory Building, located at No. 16, Wong Chuk Hang Road is up for sale with a unit price of $4,706 per sq. ft., or a total price close to $579m, according to its sole agent CBRE.
The property, with a gross floor area of 123,036 sq. ft., is a 12-storey building including a rooftop. It is selling for full-ownership via Expression of Interest. The deadline for offer submission is set at noon on Wednesday, 23 July.
Located in the commercial area of Wong Chuk Hang with a 5-minute walk from Wong Chuk Hang MTR Station, the property permits warehouse use and qualifies for conversion under the Hong Kong Government’s Industrial Building Revitalisation Policy.
The property is currently owned by two family offices in Hong Kong, with two separate entrances, one facing Wong Chuk Hang Road serves as main lobby whilst the other on Heung Yip Road serves as a warehouse and car park.
It consists of industrial floors from 1/F upwards and was fully leased except one floor, according to the owner.