International real estate firm Savills has been appointed as the sole agent for the sale of Shop 04 on 1st Floor, Mezzanine 1st Floor and Mezzanine 2nd Floor, Lippo Centre, No. 89 Queensway, Admiralty, Hong Kong ("The Property"). The Property has a total gross area of approximately 28,712 square feet and is being sold with existing bank tenancy. The Expression of Interest closing date is scheduled for noon on 18 March 2025 (Tuesday).
The Property has a floor-to-floor height of approximately 40 feet from the 1st floor to the Mezzanine 2nd Floor, with a load capacity of 5 to 7.5 kpa. It features an internal elevator and stairs, forming a highly flexible and practical three-level grand space. Additionally, the glass storefront facing the lobby is about 173 feet wide, which attracts foot traffic.
The Property is located in the prestigious area of Admiralty, serving as the retail podium for a top-tier commercial building. It is connected to Central and Admiralty MTR stations via a bridge, seamlessly linking to Pacific Place, five-star hotels, and multiple Grade A office buildings, creating a diverse business hub.
Mr. Raymond Wan, Chief Senior Director of Investment at Savills Hong Kongsaid, “The Property has an indicative price of approximately HKD 450 million. The current tenant is China CITIC Bank International, generating a monthly rental income of about HKD 1.5 million, providing immediate returns for the buyer. Additionally, the Property features high-quality facilities and elegant furnishings, making it ideal for use as an educational institution, financial institution, or multinational corporation. It is certainly an excellent choice for long-term rental investment or self-use.”