International real estate consultancy Savills has been appointed the sole agent for the sale of workshop units 21, 28 and 32 on G/F, Tsing Yi Industrial Centre, Phase 2 at Nos.1 -33 Cheung Tat Road, Tsing Yi, New Territories and unit B, 29/F, Dynamic Cargo Centre at No.188 Yeung Uk Road, Tseun Wan. The indicative prices for the mentioned properties are HK$76 million and HK$55 million respectively.
International real estate consultancy Savills has been appointed the sole agent for the sale of workshop units 21, 28 and 32 on G/F, Tsing Yi Industrial Centre, Phase 2 at Nos.1 -33 Cheung Tat Road, Tsing Yi, New Territories and unit B, 29/F, Dynamic Cargo Centre at No.188 Yeung Uk Road, Tseun Wan. The indicative prices for the mentioned properties are HK$76 million and HK$55 million respectively.
Tsing Yi Industrial Centre
The gross floor area for workshop units 21, 28 and 32 on G/F totals 7,518 sq ft with extra high 18-feet ceiling heights. The property is located in an area where the transportation network is excellent, with easy access to the airport and cargo pier. The properties are to be sold in an “as-is” condition.
Dynamic Cargo Centre
Currently selling is unit B, 29/F with a gross floor area of 16,471 sq ft. The property possesses 16-feet ceiling heights and a floor loading of 250 lbs per sq ft. Each floor can be reached by a cargo lift which is a definite advantage. The property is to be sold with an existing tenancy until the end of 2016. It is expected that the buyer can enjoy a yield of up to 3.33%.
James Siu, Head of Kowloon Industrial and Commercial Sales, Savills said the supply of warehouse-related properties with well-connected transportation networks is limited. With increasing rents, some users are actively considering buying instead of renting. I believe the above two properties will attract a positive response from the market.”