Savills has been appointed sole agent for the public tender sale of No 2 Headland Road, Hong Kong at Southside. The tender closing date is scheduled on 12 January 2016 (Tuesday) at 12 noon.
Savills has been appointed sole agent for the public tender sale of No 2 Headland Road, Hong Kong at Southside. The tender closing date is scheduled on 12 January 2016 (Tuesday) at 12 noon.
A 3-storey detached house with approximately 11,937 sq ft 1 saleable area was built on the 22,438 sq ft 2 site. What’s more, the plot ratio of the house has not yet been fully utilised so it carries huge redevelopment potential. It can be redeveloped into a house of maximum gross floor area approximately 16,829 sq ft3 based on the max plot ratio of 0.75. The existing house comes with a swimming pool and an ample garden, with unobstructed sea views. It is to be sold on an “as-is” basis with vacant possession.
Raymond Lee, CEO of Greater China, Savills said, “Single house lot in prestigious area is still highly sought after due to its uniqueness and rareness. It is extremely rare for such a well located house lot to come to the market and we believe it will attract Tycoons from local and mainland.”
Raymond Ho, Director of Residential Development & Investment, Savills said, “Headland Road is one of the most prestigious and exclusive addresses on Hong Kong island, known for its high degree of privacy and tranquil environment. We believe the tender exercise will attract plenty of discerning buyers.”
1 Source: Government Lease of Rural Building Lot No. 676
2 Source: Rating and Valuation Department
3 Source: Town Planning Board