International real estate firm Savills has been appointed as the sole agent for the sale of G/F, 1/F, 2/F and 3/F ("The Property"). It has a total gross area of approximately 17,666 square feet and will be sold partly vacant and partly with existing tenancy. The Property is available for strata-sale.
The gross area for each floor of the Property ranges from approximately 3,488 to 4,790 square feet. The ground floor features five street-front shops, currently partially tenanted by a snack shop and a convenience store. The third floor is fully leased by the renowned restaurant, "Stellar House". The Property enjoys a prominent single-sided positioning, with dual street frontages, approximately 63 feet facing Lockhart Road and 25 feet facing Marsh Road, offering exceptional commercial visibility and branding potential. value.
In terms of transportation, it is only a 5-minute walk from Causeway Bay MTR Station. Furthermore, it is adjacent to the major transport artery of Hennessy Road, which is serviced by a comprehensive network of over ten bus and minibus routes, providing easy access to all districts of Hong Kong Island, Kowloon, and the New Territories.
Mr. Tommy Chan, Senior Director and Deputy Head of Investment & Sales at Savills Hong Kongsaid, “Each floor of the Property is offered at an indicative price of approximately HKD 60 million, with an average unit rate ranging from HKD 12,500 to HKD 17,200 per square foot. The Property is available for strata-title sale. Compared to nearby properties which have transacted at unit rates of HKD 20,000 to HKD 30,000 per square foot in recent years, this offering presents a highly competitive pricing advantage.
The third floor is currently leased to a high-end, privacy-focused restaurant, while the first and second floors are fully equipped with kitchen facilities—making them particularly suitable for use as a private club or upscale dining venue. The Property offers flexible usage options and layout potential. Buyers may opt to acquire individual floors according to their needs, with the added benefit of immediate rental income from existing tenancies.”