International real estate firm Savills has been appointed as the sole agent for the sale of a heritage shophouse at No. 108 Johnston Road ("The Property"). The Property has a site area of approximately 1,032 square feet and a total gross area of approximately 5,162 square feet and is being sold on an "as-is" basis with existing tenancy.
The Property consists of a total of four floors, each measuring approximately 1,011 to 1,263 square feet. Additionally, the property boasts an excellent location, situated directly opposite the Wan Chai MTR station, just a one-minute walk away. The Property is also adjacent to the Tramway, which provides significant visibility and promotional advantages, making it ideal for establishing a branded concept store. The current tenant is a well-known cosmetics retail brand.
Mr. Russell Tang, Manager, Kowloon Commercial Sales of Savills, stated, “The Property is one of the approximately 160 remaining pre-war tong lau buildings, making it a rare find. The strategy of utilizing historical buildings is widely adopted around the world, offering unique charm and aligning with sustainable development goals (SDGs). With the promotion of in-depth cultural tourism, Wan Chai is one of the areas in Hong Kong with concentration of historical buildings. The Property, along with the Wan Chai Heritage Trail and the Hong Kong TramOramic Tour, attracts check-in culture, presenting significant potential for developing strategic assets. Brand owners and investors interested in historical buildings should not miss this opportunity.”