Savills has been appointed sole agent for the public tender sale of a prime whole block at 64-66 Wellington Street in Central. Tender closing is scheduled for 17 November 2015 (Tues) at 12 noon. The indicative price of the property is HK$880 million.
Savills has been appointed sole agent for the public tender sale of a prime whole block at 64-66 Wellington Street in Central. Tender closing is scheduled for 17 November 2015 (Tues) at 12 noon. The indicative price of the property is HK$880 million.
Completed in 1968, 64-66 Wellington Street has a site area and existing built gross floor area of 1,651 sq ft and 15,632 sq ft respectively. Based on a maximum plot ratio of 15, the maximum gross floor area upon redevelopment could be up to 24,765 sq ft. It is to be sold on an as-is basis, with existing tenancies.
This prime property is located in an area which provides full access to what matters most for investors: exciting commercial and retail ambience and excellent transportation. Lan Kwai Fong is only one minute away from the property and Central MTR station is also less than a 5-minute walk, taking you effortlessly to any destination in the city.
Raymond Lee, CEO of Greater China, Savills said, “the property is located in a neighbourhood where the greatest retail adventures can happen, with renowned brands and high-end shopping malls nearby. With extremely limited stock gracing the current investment market, 64-66 Wellington Street will definitely attract users and investors looking for an exciting opportunity like no other.”
Two transactions completed by Savills include whole block of 35 Queen’s Road Central, sold for HK$1.6 billion and Wincome Centre, sold for HK$1.3 billion. The other one which is significant is the bare commercial site on 30-32 Stanley Street which was sold for HK$860 million.