Savills Appointed as Sole Agent for the Sale of Podium Floors of a Luxury Ginza-Style Building in Central
International real estate firm Savills has been appointed as the sole agent for the sale of podium floors at LL Tower, No. 2 – 4 Shelly Street, Central ("The Property"). The Property includes G/F, 2/F and 3/F with a total gross area of approximately 7,082 square feet. It is being sold on an "as-is" basis with existing tenancies.
LL Tower is a newly completed premium Ginza-style building in 2019. The Property is mainly leased to dining merchants currently. Each floor has a gross area of approximately 2,256 to 2,551 square feet, featuring top-notch specifications, including high floor-to-floor height and loading capacity of 5 kPa, as well as a 3-phase power supply of 67 – 101A. Additionally, the Property is ideally located in a prime area of Central, connecting to the Central-Mid-Levels Escalator and Walkway System and just a 5 to 10-minute walk from Central and Hong Kong MTR stations. Furthermore, popular spots such as Soho, PMQ, and graffiti walls are just a stone's throw away, attracting many young people and tourists. The high foot traffic makes it suitable for various types of businesses.
Mr. Jason Wo, Deputy Senior Director, Investment at Savills Hong Kong said,
“The Property is currently valued at approximately HKD 150 to 160 million, with a rental yield of approximately 4%, providing buyers with stable rental income. Additionally, the Property is located in the core business district of Central and is one of the Ginza-style building office spaces available in the area. The sale of this Property is sure to attract the interest of both investors and end users.”
LL Tower, 2-4 Shelly Street, Central
Development Info
- Subject Property
G/F, 2/F, 3/F, LL Tower, 2-4 Shelly Street, Central, Hong Kong
- Total GFA
Approx. 7,082 sq. ft.
- Possession
To be sold on an "as-is" basis with existing tenancies.
- Property Number
INV202409168S
- Advertising Date
16 Sep 2024
Location