International real estate firm Savills has been appointed as the sole agent for the sale of the whole floors of 18/F, 19/F and 20/F, Kwong Kin Trade Centre, No.5 Kin Fat Street, Tuen Mun ("The Property"). The Property has a total gross area of approximately 27,684 square feet and will be sold on an “as-is” basis with vacant possession.
Kwong Kin Trade Centre is a 25-storey industrial building with a two-level parking podium and five passenger and cargo lifts, completed in 1994. The Property for sale includes the 18th, 19th, and 20th floors, each with gross area of approximately 9,228 square feet, and a floor-to-floor height of about 3.3 meters, with a floor loading of about 150 pounds per square foot. Each floor has a large floor plate that can be subdivided into eight units, with units’ gross areas ranging from approximately 995 square feet to 1,515 square feet. Additionally, these three consecutive floors offer great flexibility to in line with the needs of different types of users.
The Property is just a street away from the Light Rail station and only about 9-minute walk to the MTR- Tuen Mun Station. There are also several bus stops in the vicinity serving different areas. Tuen Mun Road connects to the Tuen Mun Chek Lap Kok Tunnel, providing access to the airport and the Hong Kong Port of Hong Kong-Zhuhai-Macao Bridge, additionally, it is equally convenient to reach the Shenzhen Bay Port. The transportation network and facilities in Tuen Mun are well-developed, making it ideal for logistics and warehousing companies that frequently travel to and from Mainland China to establish offices within the Property. Next to the Kwong Kin Trade Centre is the entrance to a footbridge that connects the industrial area and Shan King Commercial Centre, which is well-equipped with dining options and lifestyle amenities.
Mr. James Siu, Deputy Managing Director and Head of Kowloon at Savills Hong Kongsaid, “The KMB Tuen Mun Depot received no objection from the Town Planning Board last year for its redevelopment into three commercial buildings, involving a total gross floor area of over 2 million square feet. Similarly, several industrial buildings within the Tuen Mun industrial area have also obtained Letter of No Objection and are planned for redevelopment into commercial buildings. Looking ahead, the Tuen Mun industrial area is expected to transform into a commercial zone, similar to Kwun Tong. To align with the plans for the Northern Metropolis, the government will undoubtedly invest resources and continue to support the future development of the Tuen Mun industrial area, which is believed to bring more diverse business opportunities and increase the value and demand for properties in the current industrial area. Considering these development factors and the quality of the Property, the current asking unit price of approximately HKD2,900 is expected to attract users from both within and outside the district to seize the opportunity to enter the market.”