International real estate firm Savills has been appointed as the sole agent for the sale of two prime shops, including No. 452 Hennessy Road, Causeway Bay and G/F & C/F, Shing Wah Mansion, Nos. 455 – 457 Hennessy Road, Causeway Bay.
No. 452 Hennessy Road, Causeway Bay
The property has a site area of approximately 828 square feet and a total gross floor area of about 2,833 square feet, with each floor ranging from approximately 699 to 736 square feet. It features a prominent street frontage of around 14 feet and includes a full façade advertising space with high exposure. The ground floor is currently leased to a well-known health brand, and the property is being sold with the existing tenancy, generating a stable monthly rental income of approximately HK$145,000 for the buyer.
G/F & C/F, Shing Wah Mansion, Nos. 455-457 Hennessy Road, Causeway Bay
The property consists of two adjoining shops with a mezzanine floor, featuring a total gross area of approximately 4,200 square feet and a frontage of about 28 feet. It faces the tramway directly, benefiting from high foot traffic and excellent visibility. Currently sold with a secure bank tenancy agreement in place, it generates a monthly rental income of HK$240,000, offering investors immediate and stable returns.
Ms. Sharon Fong, Senior Director of Investment at Savills Hong Kongsaid, “The indicative prices for No.452 Hennessy Road and G/F & C/F, Shing Wah Mansion are approximately HK$48 million and HK$78 million, respectively. Both properties are being sold with existing tenancies, offering investors immediate and stable cash flow. Notably, No. 452 Hennessy Road is a rare whole-block boutique property with strong advertising potential, making it a unique and collectible asset. It is particularly suitable for users or investors seeking sole ownership of an entire building at a relatively low threshold. Current unit prices have seen a noticeable correction from market peak levels, presenting significant upside potential. Since its opening, the Kai Tak Sports Park has attracted over one million visitors, boosting F&B and retail spending while reinforcing Hong Kong’s image as a vibrant events capital and injecting new energy into the tourism sector. Meanwhile, local retail sales values recorded slight year-on-year growth in May and June, a positive trend that may encourage some investors to consider reallocating funds from equities into properties or retail shops.”