Savills Appointed as Sole Agent for the Sale of Two Premium Whole-Floor Offices in Central
International real estate firm Savills has been appointed as the sole agent for the sale of the entire 34th floor (top floor) of No. 9 Queen’s Road Central and the 13th floor of the Bank of America at No. 12 Harcourt Road, Admiralty. The Expression of Interest closing date of the above properties is scheduled for noon on 18 March, 2025 (Tuesday).
The 34th floor of 9 Queen's Road Central has a gross area of approximately 8,570 square feet. It is the top floor of the building and is being sold with a lease from a medical group, generating a monthly rental income of about HKD 740,000, providing immediate returns for buyers. Additionally, the property is situated in a prime location in the commercial core of Central, making it one of the most valuable commercial buildings in Hong Kong. It is adjacent to five-star hotels, high-end office buildings, and renowned shopping centres, creating a vibrant business atmosphere. The property also offers stunning views of Victoria Harbour and panoramic sights of The Peak and Government House, making it highly attractive.
The 13th floor of the Bank of America Tower has a gross area of approximately 13,880 square feet, with some units sold with existing tenancies and others sold with vacant possession. The property is located at the intersection of Admiralty and Central, in the core area of the commercial district on Hong Kong Island and features a covered pedestrian walkway that allows for a convenient 5-minute walk to either the Admiralty or Central MTR stations. The property is adjacent to the newly completed The Henderson, the Cheung Kong Centre II, five-star hotels, and renowned shopping centres, offering a well-rounded dining and shopping experience. It boasts open sea views and city views, with elegant interior decor, making it ready for immediate use. It is highly suitable for use as a corporate headquarters or for investment.
Mr. Raymond Wan, Chief Senior Director of Investment at Savills Hong Kong said,
“The valuation of the 34th floor of 9 Queen's Road Central is approximately HKD 352 million, while the valuation of the 13th floor of the Bank of America Tower is approximately HKD 350 million. The Federal Reserve lowered interest rates again last month and is expected to implement a further rate cut of approximately one percentage point next year. This has led to a recent recovery in the office market. The two properties mentioned are both located in the prime Grade A office sector of Central, and their availability as whole-floor sales makes them exceptionally rare. Whether for investment or personal use, this presents a golden opportunity that is worth seizing at a lower price.”
9 Queen’s Road Central, Central, Hong Kong
Development Info
- Subject Property
1. 34/F, 9 Queen's Road Central, Central, Hong Kong
- Approx. 8,570 sq. ft.
- To be sold with tenancy
2. 13/F, Bank of America Tower, No.12 Harcourt Road, Admiralty, Hong Kong
- Approx. 13,880 sq. ft.
- To be sole with some units sold with existing tenancies and others sold with vacant possession.
- Property Number
PART213F
- Advertising Date
Jan 2025
Location ( 9 Queen's Road Central )
Location ( 12 Harourt Road, Hong Kong )