International real estate firm Savills has been appointed as the sole agent for the sale of 13/F, Bank of America Tower, No. 12 Harcourt Road, Admiralty ("The Property"). The Property has a total gross area of approximately 13,880 square feet and is being sold on an as-is basis with vacant possession.
The Property enjoys commanding panoramic views of Victoria Harbour, complemented by sweeping city vistas. Situated in the heart of Admiralty, one of Hong Kong's most prestigious commercial districts, it is adjacent to a number of iconic developments, including The Henderson and Cheung Kong Center II. The surrounding area is home to an array of five-star hotels, luxury retail destinations and premium dining establishments, offering first-class business and lifestyle amenities. Direct access to the extensive covered pedestrian walkway network provides seamless connectivity to Admiralty MTR Station, further enhancing the Property's outstanding accessibility and appeal.
Mr. Raymond Wan, Chief Senior Director of Investment at Savills Hong Kong said, “Following our successful facilitation of the sales of the entire 36th floor and the penthouse 37th floor within the same building, we have now been appointed as the sole agent for the sale of the entire 13th floor, with an indicative asking price of approximately HK$280 million.
Buoyed by the sustained momentum in the IPO market, demand for premium Grade A office space in core business districts has been on the rise. Situated in Hong Kong’s traditional central business district, this Property offers exceptional advantages whether as a corporate headquarters for a listed company or as a long-term investment for rental income.
Recent transactions within the building further underscore its value, with sea-view units achieving prices of up to HKD21,000 per square foot and mountain-view units reaching HKD20,243 per square foot. This represents a rare opportunity in the market for both investors and owner-occupiers seeking a high-quality commercial asset.”