Nos. 224-234 Wo Yi Hop Road, Kwai Chung (Sold)

Property Information
物业售价:
 HKD$ 8,500,000
Address:
 Nos. 224-234 Wo Yi Hop Road, Kwai Chung
Gross Area:
 Approximately 380 sq.ft.
Frontage*:
 Approximately 8 feet 6 inch
Others:
 3 phase electricity, water supply & drainage
Tenant information:
 Currency Exchange
Expected Rent:
 $32,000, all inclusive, from 9 August 2018 to 8 August 2021
Transaction Method :
 Asset Sale or Share Transfer
 
  • Floor Plan
  • Selling Point
  • Future Development
  • Transportation

Ground Floor Plan #

* The floor area information has not been verified.
# Not to scale.

A junction point

The property is located at the junction between residential and industrial and commercial areas, enjoying all sources of customers.

Well-developed DistrictThe Kwai Chung District has been well-developed with a convenient transportation network. It has become a popular business location for many Mainland Chinese and Hong Kong businessmen.
 

From 2015 to 2017, there were a total of 6 commercial buildings and industrial and commercial sites being tendered in Kwai Chung District, which are all expected to be sold in the form of uncompleted flats.

A number of new sites are expected to be launched this year. First Realty holds the site at No. 83, Dalian Pai Road, Kwai Chung, which has been named K83 and is positioned as a Grade A commercial building. Hanison Construction will also launch the Wall Street Tower in the same district under the industrial rejuvenation project, expected to drive a large number of people to the district and add momentum to the nearby retail market.

Approved Zoning Plan for Kwai Chung District by Planning Department, January 2018

The area that is currently classified as "Industrial" area will be re-zoned to "Commercial" zone (Orange section below).



It is expected to promote the further transformation of the region and provide more job opportunities.

 

The entire Central Industrial Building, No. 57-61 Ta Chuen Ping Street, Kwai Chung, was purchased by a consortium with a consideration of 720 million Hong Kong dollars. The project covers an area of 24,000 square feet with total construction floor area at about 237,000 square meters. The average property price is 3,038 per square foot. Since the property is located at an area with re-zoning plan for alternative land uses. It can be redeveloped as a commercial building through paying the land premium.

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