F&B Units for Rent on Fung Fai Terrace, Hong Kong

Why rent a restaurant on Fung Fai Terrace, Happy Valley, Hong Kong?

Renting a restaurant on Fung Fai Terrace in Happy Valley, Hong Kong offers exceptional business opportunities due to its prime location in one of the city's most vibrant residential and commercial districts. This sought-after area attracts both local residents and tourists with its proximity to the famous Happy Valley Racecourse, making it an ideal spot for restaurant ventures targeting diverse clientele. The terrace location provides excellent foot traffic from nearby residential complexes, office buildings, and entertainment venues, while benefiting from Happy Valley's reputation as a dining destination. Restaurant owners can capitalize on the area's strong transportation links, including MTR connections and bus routes that bring customers from across Hong Kong Island. The demographic mix of affluent locals, expatriates, and visitors creates a steady customer base willing to spend on quality dining experiences. Additionally, Fung Fai Terrace offers competitive rental rates compared to Central or Tsim Sha Tsui while maintaining high visibility and accessibility, making it an attractive investment for restaurateurs looking to establish or expand their presence in Hong Kong's competitive food and beverage market.

How much does it cost to rent a restaurant on Fung Fai Terrace, Happy Valley, Hong Kong?

The cost to rent a restaurant on Fung Fai Terrace in Happy Valley, Hong Kong typically ranges from HK$80,000 to HK$200,000 per month, depending on the size, condition, and specific location along the street. Restaurant rental prices on Fung Fai Terrace vary significantly based on factors such as floor area, which can range from 500 to 2,000 square feet, street-level visibility, existing kitchen equipment, and proximity to the Happy Valley Racecourse. Ground floor restaurant spaces with prime street frontage command premium rates of HK$120 to HK$180 per square foot monthly, while upper floor locations may offer more affordable options at HK$60 to HK$100 per square foot. Additional costs for restaurant rentals in Happy Valley include security deposits equivalent to 3-6 months rent, government licensing fees, utilities setup, and potential renovation expenses to meet Food and Environmental Hygiene Department requirements. Prospective restaurant operators should budget for total initial costs of HK$500,000 to HK$1.2 million when considering a Fung Fai Terrace location, making it essential to consult with local commercial real estate agents who specialize in Happy Valley restaurant properties for current market rates and available listings.

What type of restaurant can be found on Fung Fai Terrace, Causeway Bay, Hong Kong?

Fung Fai Terrace in Causeway Bay, Hong Kong is home to several high-end Japanese restaurants that have established the street as a notable dining destination in this vibrant district. The terrace primarily features upscale Japanese cuisine establishments, including traditional sushi bars, contemporary Japanese fusion restaurants, and authentic kaiseki dining venues that attract both locals and tourists seeking premium Japanese culinary experiences. These Japanese restaurants on Fung Fai Terrace are known for their fresh ingredients, skilled chefs, and elegant atmospheres, making the location a popular choice for special occasions and business dining in Causeway Bay. The concentration of quality Japanese eateries has given Fung Fai Terrace a reputation as one of Hong Kong's go-to destinations for authentic and innovative Japanese food, contributing to Causeway Bay's diverse and internationally acclaimed restaurant scene.