Savills News

Savills Appointed as Sole Agent for the Sale of Rare High-Ceiling Large Shop in Wan Chai

International real estate firm Savills has been appointed as the sole agent for the sale of G/F, 1/F and 2/F, The Morrison, Nos.223 – 227 Wan Chai Road and No.28 Yat Sin Street, Wan Chai ("The Property"). The Property includes an external wall, signage space, and an open piazza in front of Wan Chai Road. It has a total gross area of approximately 17,775 square feet and will be sold partly vacant and partly with existing tenancy.

The Property is relatively new and offers exceptional spatial flexibility, featuring expansive floor plates of approximately 5,652 to 6,137 square feet on each floor, with soaring ceiling heights of 4.66 to 5.43 meters. This creates an impressive business environment adaptable for diverse commercial uses. A standout highlight is the property’s exclusive 1,244-square-foot open piazza facing Wan Chai Road—perfect for premium alfresco dining, significantly enhancing its commercial appeal. 

This strategically positioned Property boasts a prime dual-street frontage in Wan Chai's core business district: a 56-foot grand façade on Wan Chai Road paired with a 30-foot frontage on Yat Sin Street, creating exceptional display potential. Its commanding position facing the Morrison Hill Road crossroads offers an unrivaled strategic advantage for oversized branding installations, delivering maximum brand exposure.

The Property features exclusive elevator and staircase, blending operational flexibility with premium location value. Transportation is effortless—just 1 minute on foot to Hennessy Road, with a multitude of bus and minibus routes connecting across Hong Kong Island, Kowloon, and the New Territories.           

Mr. Tommy Chan, Senior Director and Deputy Head of Investment & Sales at Savills Hong Kongsaid, “This exceptional large-floor commercial Property presents a highly scarce investment opportunity in Wan Chai's core business district. It is currently offered through a flexible sale arrangement, featuring two vacant floors ready for immediate customisation and one floor with existing tenancy, providing instant rental income. The Property includes gas supply infrastructure, making it exceptionally suitable for restaurant operations or a private club. With a current market valuation of approximately HK$240 million, this versatile asset is expected to generate strong interest from both end-users and investors seeking prime district exposure.”

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