For sale - Fa Yuen Street, Mongkok
- Ground Floor & Cockloft, No. 108 Fa Yuen Street Kowloon, Kowloon
Summary
-
ID No
18864 -
Address
Kowloon -
Price
36 million -
Gross Area (sq ft)
950 -
Frontage
13ft 11in* -
Shop Depth
60ft* -
Others
Three-phase electricity 100A, with water supply and toilet
About This Listing
Address: Ground Floor & Cockloft, No. 108 Fa Yuen Street Kowloon
Price:HK$33,000,000
Gross area: Approx. 950 sq. ft. + 700 sq. ft. cockloft*
Frontage: approx 13ft 11in*
Shop depth: abt 60 feet*
Height: approx 9ft 6in (ground) &8ft (cock loft)*
Rates: $8,100 (before rates concession)/quarterly
Ground rent: $10,980 / half year
Remarks: Three phase 100A electricity, water supply, drainage, in-store toilet
Rent: 88,000 per month all-inclusive, lease period from October 1, 2024 to September 30, 2026
Tenant: dim sum resto
Transaction Method : Asset Sale or Share Transfer
*(subjected to confirmation)
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Map Location
More Info
Fa Yuen Street, a distinctive street in Mong Kok, is a hub for shopping and dining. The shop is near Sin Tat Plaza, located next to a minibus stop, attracting a constant flow of people daily. It is adjacent to the former Water Supplies Department redevelopment site on Sai Yee Street: The Sai Yee Street redevelopment project includes the current site of Water Supplies Department and Food and Environmental Hygiene Department facilities, as well as an adjacent car park. The government's preliminary proposal is to build three properties, one of which will be a 68-story commercial building, expected to become a landmark skyscraper in the area, and the other two will be 4- to 6-story shopping malls, with a total gross floor area of approximately 1.518 million square feet. It is anticipated that the future working population will increase by approximately 15,000, which is expected to boost the local shop rental market.
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