Zing! - 38 Yiu Wa Street, Causeway Bay (Joint Sole Agent)
Hong Kong - Whole Block for Sale
"Location , Location & Location" , Zing! is located in Core Causeway Bay, an area that sees significant foot traffic 24 hours a day. As a 27-storey & 79,051 sq.ft Ginza building completed in 2011, Zing! has undergone major renovation in 2015 which upper floor units enjoy 270-degree harbor and city views and overlook the Happy Valley Racecourse.
Occupancy is now already at 96% with latest transacted unit rental at $60psf. 58% of its tenancy will be subject to renewal in 2018/2019, and will be sold with a very high rental reversion potential. Very Rare stock for sale as there is only less than 1 whole bloc transaction in Causeway Bay yearly over the past 10 years.
Property Information:
| Year Build: | 2011 | ||
| Gross Area: | Approx. 79,051 sq.ft. | ||
| No of Floors: | 27 | ||
| Floor Loading: | 5KPA | ||
| Possession: | To be sold on an “as-is” basis with existing tenancies | ||
| Retail: | PONG, The Coffee Academics, Nan Tei, Big Echo Karaoke, Shiozawa Teppanyaki | ||
| EOI Submission Date : | 22nd June 2017 ( Thursday ) By Noon |
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Savills Research
Hong Kong Office Leasing Briefing
18 May 2017
A raft of completions in Kowloon East will continue to put pressure on rents there while the emergence of Wong Chuk Hang will continue to appropriate demand over the next six to nine months.
Hong Kong Office Leasing Briefing
08 February 2017
Rents on Hong Kong Island are still making small gains while in Kowloon new supply and generally weak demand is resulting in minor falls.
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