Savills

SOLE AGENT

Whole Block Composite Building For Sale in Soho

Contacts

Savills Appointed as Sole Agent of Whole Block Composite Building For Sale in Soho

 

Savills is appointed as the sole agent for the sale of nos. 9 – 11 Staunton Street, Central (“The Property”). The property is currently a seven-storey commercial and residential building with a site area of approximately 1,156 square feet and a total gross floor area of approximately 5,742 square feet. It is being sold partially vacant and partially with existing tenancies.

The property is located in the prime area of Soho, Central, with direct access to the Mid-Levels Escalator system, only a 5 – 10 minutes' walk from Central CBD, providing excellent convenience. Furthermore, it is a rare opportunity to acquire a building with sole ownership in the sought-after Soho district. The owner has held the property for many years and is now offering it for sale.

The LG/F and G/F of the property are street-facing, with frontages on Staunton Street and Tsun Wing Lane respectively. The 1st floor consists of two office units, while the 2nd to 5th floors are designated for residential use, comprising a total of eight units. Currently, the occupancy rate of the property is approximately 73%. The street-level premises are leased to a bar and a steakhouse, while the residential units are operated as student dormitories.

Ms. Sharon Fong, Senior Director, Investment of Savills stated, “The property has just completed renovation works and is being offered for sale with existing tenancies, providing excellent rental returns. Additionally, the property holds the potential for acquisition and redevelopment, allowing for the consolidation of adjacent plots into a rare residential site in the Central district. With the frequent acquisition activities in the Soho area in recent years, the project offers tremendous potential for future appreciation. Investors and developers should not miss this opportunity.”

 

Savills

Nos. 9-11 Staunton Street, Central

 

Investment Highlights:

  • Two sides G/F shops Facing both Staunton Street and Tsun Wing Lane 

  • Connecting Central-Mid-Levels Escalators System; 5 mins walk from Core Central 

  • Renovation & Rehabilitation Works are just completed

  • Occupancy: 73%; Will be sold with existing tenancies

  • With Site Merging Redevelopment Potential; Can form a rare residential redevelopment site in Core Central

Property Information:

  • Property Address
    Nos. 9-11 Staunton Street, Central, Hong Kong

  • Lot. No.
    The Remaining Portion of Inland Lot No. 2284 & 2285

  • O.P. Date
    July 1979

  • Site Area (approx.)
    1,156 sq. ft.

  • Total Gross Floor Area (approx.)
    5,742 sq. ft.

  • Shop Frontage
    61 feet 6 inches (Shops Facing Two Streets)
    (30 feet 9 inches facing Staunton Street)
    (30 feet 9 inches facing Tsun Wing Lane)

  • Property Number:
    INV202311149S

  • Advertisment Date:
    Jan 2024

Location