Savills has been appointed as sole agent for the tender sale of 16 Kent Road, Kowloon Tong.
Tender Closing Date: Friday, 24 February 2017
Savills has been appointed as sole agent for the tender sale of 16 Kent Road, Kowloon Tong. The indicative price is HK$300 million.
16 Kent Road is located in the area assigned for independent house development. The site area is approximately 10,767 sq ft and the net area of the existing property is 6,362 sq ft. There is very few property available for sale in the market for independent house development and the plot ratio for redevelop for the site on sale is 0.6. The property previously a beauty salon previously and is currently a school.
The property is near Devon Road, Cornwell Street, Somerset Road and Suffort Road, this is a tranquil quiet nightbourhood.
The area is assign for low-density development projects and it is located in the School Network no. 41. Just minutes away from Festival Walk and Kowloon Tong Station, where you can easily get daily necessities and getting around Hong Kong and get access to China. Frances Chow, Director of Savills Realty said, “The property is situated in the middle of Kent Road, surrounded by low-rise houses with high-level of privacy. This will definitely attracts to a lot of investors and buyers.”