International real estate firm Savills is appointed as the sole agent for the sale of 9/F, Long Life Industrial Building, No. 15 Ko Fai Road, Yau Tong ("The Property"). The Property has a gross floor area of approximately 22,246 square feet. It is being sold in "as-is" basis with existing tenancies, the private treaty closing date is schedule at 4PM on 28 November 2024.
The property offers expansive views, with a floor-to-floor height of approximately 11 feet and a floor loading of about 150 pounds per square foot. Its prime location is situated in a traditional core industrial and commercial district, close to several recently completed high-quality residential developments and large shopping malls, providing excellent dining and community amenities. Furthermore, the Property stands to benefit from the significant residential and commercial development projects in Yau Tong Bay, presenting limitless development potential. Additionally, Ko Fai Road boasts a well-developed transportation network, being just a 4-minute walk from Yau Tong MTR Station. Nearby, there are also Yau Tong and Lei Yue Mun Estate bus terminals, as well as Sam Ka Tsuen Ferry Pier, ensuring convenient access to various districts.
Mr. Oscar Chow, Senior Director and Deputy Head of Industrial & Kowloon Commercial Sales at Savills Hong Kongsaid, “The asking price for the property is approximately HK$82 million. Following the recent announcement by the Federal Reserve regarding interest rate cuts, along with the government's latest policy address, the HKMA will relax mortgage loan conditions for non-residential properties. Given these favorable circumstances, it is believed that this property is ideally suited for buyers seeking either personal use or investment opportunities.”