The auction sale of 186, 186A, 186B, 186C, 186D and 188 Tai Po Road, Kowloon in accordance with an order for sale granted by the Lands Tribunal under Land (Compulsory Sale for Redevelopment) Ordinance through Savills will be held at 10:00am on Wednesday, 26 January 2011 at Room 811 on 8th Floor, Jardine House, Central, Hong Kong.
The property, on the northeastern side of Tai Po Road, near its junction with Nam Cheong Street in Shamshuipo, has a site area of approximately 8,324.75 sqft (773.39 sqm). Currently erected on the site is a block of 5-storey commercial / residential development completed in 1955. It is partly vacant and partly subject to existing tenancies and is to be sold on an “as it is” basis.
The above property falls within an area zoned “Residential (Group A) 7” and can be developed into a residential building (with commercial use on the lowest floors). The reserved price is HK$291 million.