International real estate consultancy Savills has been appointed as sole agent for the sale of 134 Wai Yip Street, Kwun Tong.
International real estate consultancy Savills has been appointed as sole agent for the sale of 134 Wai Yip Street, Kwun Tong.
Currently located at the site is a 12-storey industrial building completed in 1979. The site area and the approved gross area are approximately 4,500 sq ft and 45,722 sq ft respectively.
Located at the prime area of Kowloon East, it only takes 10 minutes to walk from the property to Ngau Tau Kok MTR Station. In the coming five years, significant office development projects will be completed, including One Bay east, Mapletree commercial development project, Link REIT – Nan Fung commercial development project and Wharf T&T Square redevelopment project. These projects will offer up to 3 million sq ft of office space.
James Siu, Head of Kowloon Commercial Sales, Savills said, “134 Wai Yip Street is strategically located at a site where the neighbouring buildings, namely 132 Wai Yip Street and 136 Wai Yip Street present great potential in merging with the subject property. If this is the case, a total of site area and gross floor area of 13,500 sq ft and 162,000 sq ft respectively can be released, which is an exceptional opportunity in Kowloon East.”
Note: image attached is from artist impression