The auction sale of Nos.4A and 6 South Lane, Hong Kong 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, 7 September 2011 at 10/F, United Centre, Queensway, Admiralty, Hong Kong.
The auction sale of Nos.4A and 6 South Lane, Hong Kong 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, 7 September 2011 at 10/F, United Centre, Queensway, Admiralty, Hong Kong.
The property, on the North-eastern side of South Lane, in between its junctions with Hill Road and Woo Hop Street in the Western district of Hong Kong, has a site area of approximately 1,461.66 sqft (135.79 sqm). Currently, erected on the site is a block of 7-storey commercial cum residential building, completed in 1961 with retail shops on G/F and marine store on basement, and is served by one common staircase. It is presently vacant, and to be sold on “as it is” basis.
The above property falls within an area zoned “Residential (Group A)” and can be developed into a residential building (with commercial use on the lowest floors). The reserved price is HK$70 million.