Savills Hong Kong announces that it has been appointed as the sole leasing agent for the ground floor workshops of Chiaphua Industries Building and Chiaphua Centre in Siu Lek Yuen, Shatin.
Savills Hong Kong announces that it has been appointed as the sole leasing agent for the ground floor workshops of Chiaphua Industries Building and Chiaphua Centre in Siu Lek Yuen, Shatin.
James Siu, Senior Director of Savills Industrial Development & Investment, said the two subject properties have a total gross floor area of 67,000 sq.ft. The asking rent per sq ft is HK$16 and up. Chiaphua Industries Building is located at 8-10 Siu Lek Yuen Road, Shatin. Adjacent to it is Chiaphua Centre, at 12-14 Siu Lek Yuen Road, Shatin. Both are currently leased to Mercedes Benz.
Chiaphua Industries Building has a gross floor area of 32,497 sq.ft., with a ceiling height of 21 ft, and a floor loading of 307 lbs per sq.ft. It has high efficiency of 95 per cent usable space. The leasing contract will expire on 24th December, 2008.
Chiaphua Centre has a gross floor area of 34,367 sq.ft., with a ceiling height of 21 ft, and a floor loading of 215 lbs per sq ft. It has high efficiency of 95 per cent usable space. The leasing contract will expire on 23rd June, 2009.
James Siu notes that there are a number of industrial buildings in the Siu Lek Yuen area around the KMB depot. In proximity are two residential estates—City One and Yu Chui Court. This area is highly accessible by all forms of public transport, with a well-developed traffic network. The MTR Ma On Shan line City One station is also nearby.
Earlier his team also assisted in the leasing of an 80,000 sq.ft. floor area including the ground floor workshop of Koon Wah Mirror Group Building at Ngau Pei Sha Street by Ferrari, who uses it as a showroom and repair and service centre with an ancillary office.
The two ground floor workshops of Chiaphua Industries Building and Chiaphua Centre, leased by Mercedes Benz, are also used as repair and service centres. Since the supply of ground floor workshops with such large floor plates is limited in the area, James Siu believes that the subject properties will attract car brands to lease as showroom, or logistics companies to lease as godown.
Both Chiaphua Industries Building and Chiaphua Centre are six-storey industrial buildings completed in 1985 and 1987 respectively. The ground floors are workshops. 1/F are used as loading areas and car parks. 2/F to 5/F are used as industrial/godown and ancillary offices