Savills has been appointed as the sole agent for the public tender of Skyline Commercial Centre located on No. 77 Wing Lok Street, Sheung Wan. The tender will close on 29 March 2011 (12 noon).
The property is located at the junction of Wing Lok Street and Man Wah Lane, in the heart of Sheung Wan, with commercial hub of Central district within walking distance. It enjoys convenient transportation, situating exactly opposite to the Exit A2 of Sheung Wan MTR Station and is adjacent to the Macau Ferry Pier, Outlying Island Ferry Pier and the mid-levels escalator.
It is a 25-storey commercial building with Gross Area of approx. 48,000sqft, with modern exterior design and elegance. There are 2 retail shops on the ground floor, and each typical commercial / office floor with flexible layout.
Peter Yuen, Deputy Managing Director and Head of Investment & Sales of Savills reveals that the subject property is currently used entirely for office usage, with passing rent much below the market rental. Peter continues saying that property has a high investment potential with key selling points including: a high floor loading capacity 5kPa, ideal location situated near high-grade office buildings, as well as a number of hotel developments, the property is perfectly suitable for semi-retail & high-end F&B businesses. Therefore, with minor renovation works, the property is believed to achieve an excellent rental growth prospect. Moreover, rapid redevelopment work has been started in the subject locality, the local business environment is set to improve rapidly in the coming years hence increasing footfall and property prices in the area, ensuring a good return on investment.
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