Prominent international real estate firm Savills is appointed by order of the owner the sole sales agent for the tender sale of Shops A‐D, E, G, H and J on G/F and 8 carparking spaces (the Property) of Capital Centre, which is situated on 151 Gloucester Road, a traditional prime location in Wai Chai. Occupying a gross area of approximately 16,606 square feet and a saleable area of approximately 10,794 square feet, the Property is to be sold with existing tenancies by Public Tender, which will close at noon, 15 December 2021 (Wednesday). Share deal is possible. The indicative price is HK$550 million.
The shops on the ground floor of the Property form a wide frontage of more than 251 feet that faces Gloucester Road, Tonnochy Road and Jaffe Road along its respective portions. The carparking spaces are located on the third and the fourth floors of Capital Centre. All shops (apart from Shop A which is vacant) and the carparking spaces are currently leased to the renowned automobile manufacturer Porsche.
Mr. Peter Yuen, Managing Director, Head of Investment & Sales of Savills, commented, "Capital Centre is close to the future MTR Exhibition Centre Station, which can be accessed via a footbridge. It is also close to the three Government buildings with plans to be demolished, and the site will be freed for redevelopment. The area will undergo a facelift and the new opportunities brought forth by redevelopment will enhance the potential and investment value of the Property."
Mr. Jay Fan, Deputy Senior Director of Investment of Savills, said, "The ground floor shops face some of the busiest streets in Wan Chai and attract high footfall. This bodes well for the further increment of the property's yield."