International real estate firm Savills has been appointed as the sole agent for the sale of Shop A1 on G/F, Hay Wah Building, No. 71-85 Hennessy Road and No. 72-86 Lockhart Road, Wanchai and the external walls thereof ("The Property"). The Property has a gross area of approximately 13,266 square feet. It is being sold on an "as-is" basis with existing tenancies.
The Property is located in prime Wan Chai, featuring a superior position with three sides of visibility. Its over 200-foot wide frontage faces Hennessy Road, Luard Road, and Lockhart Road, attracting significant foot traffic at this intersection. The Property boasts a unique high ceiling design, with a floor-to-floor height of 5.33 meters, providing flexible and versatile space for various uses. Additionally, it is just a 2-minute walk from Wan Chai MTR Station, with multiple bus stops along Hennessy Road, ensuring convenient transportation and enhancing its commercial potential.
Mr. Raymond Lee, Chief Executive Officer at Savills Greater China said, “This Property does not have an indicative price; the latest valuation is HKD 700 million, and the owner welcomes negotiations. The current monthly rental income is approximately HKD 1.83 million. HSBC has leased this property for over 20 years and has just renewed its tenancy, providing buyers with very stable rental income. Notably, having three sides of visibility in a prime location in Wan Chai is quite rare. The owner has held the property for many years, and this sale could definitely attract significant interest from investors.”