Savills has been appointed sole agent for the sale of the whole block of 16 Elgin Street and a basement of 18 Elgin Street in Central. The indicative price of the property is HK$110 million.
Savills has been appointed sole agent for the sale of the whole block of 16 Elgin Street and a basement of 18 Elgin Street in Central. The indicative price of the property is HK$110 million.
16 Elgin Street and the basement of 18 Elgin Street have a site area of 721 sq ft and 574 sq ft respectively.
Even though this property is not located at the very heart of Central, for those with an eye for chicest taste and effortless style will appreciate the uniqueness of this building. The property not only benefits from the mid-levels escalator, it also enjoys its own appealing and exclusion mood and could even become one of the favourite items for “property collectors”. Currently, the basement is leased to Mostaccioli Brothers, a stylish Italian restaurant and the floors above are for residential use.
The property is apparently 8-minute away from Lan Kwai Fong and no more than 10-minute walk to the Central MTR Station, making it undoubtedly one of the buildings with high investment potential.
Sharon Fong, Deputy Senior Director of Investment, Savills said, “in recent months, stock market instability and the potential impact of interest hike may slow down investment momentum in the market. The reality, however, is not what we expect. Investors and end users are eager to look for above-the-standard properties and are willing to pay even higher for those sought-after buildings. For those who dispose properties, even some are not regulars in the market, are taking the advantage of the positive moment and are happy to put forward their disposal plan.”