F&B Units for Rent on King Kwong Street, Hong Kong

Why rent a restaurant on King Kwong Street, Happy Valley, Hong Kong?

Renting a restaurant on King Kwong Street in Happy Valley, Hong Kong offers exceptional business opportunities in one of the city's most vibrant dining districts. This prime location provides high foot traffic from local residents, office workers, and tourists exploring the famous Happy Valley Racecourse area, ensuring consistent customer flow throughout the week. King Kwong Street's strategic position connects easily to major transportation hubs including Happy Valley MTR station and multiple bus routes, making it highly accessible for both customers and staff. The area boasts a diverse demographic of affluent locals and expatriates with strong disposable income, creating an ideal market for various restaurant concepts from casual dining to upscale establishments. Restaurant operators benefit from the street's established reputation as a culinary destination, surrounded by complementary businesses, shopping centers, and entertainment venues that drive additional foot traffic. The relatively stable rental market in Happy Valley compared to Central or Causeway Bay offers better value while maintaining proximity to Hong Kong's commercial districts, making King Kwong Street an attractive choice for restaurateurs seeking sustainable growth in Hong Kong's competitive food and beverage industry.

How much does it cost to rent a restaurant on King Kwong Street, Happy Valley, Hong Kong?

The cost to rent a restaurant on King Kwong Street in Happy Valley, Hong Kong typically ranges from HK$80,000 to HK$200,000 per month, depending on the size, location within the street, and condition of the property. King Kwong Street restaurant rental prices are influenced by factors such as foot traffic, proximity to the Happy Valley Racecourse, available seating capacity, and existing kitchen equipment. Smaller restaurant spaces of around 500-800 square feet may cost between HK$80,000 to HK$120,000 monthly, while larger establishments exceeding 1,000 square feet can command rents of HK$150,000 to HK$200,000 or more per month. Happy Valley restaurant rental costs also include additional expenses such as management fees, rates, government license fees, and utility deposits, which can add approximately 15-25% to the base rental amount. Prospective restaurant operators should budget for key money or premium payments, which are common in Hong Kong's competitive F&B market and can range from several months' rent to substantial six-figure sums for prime King Kwong Street locations with established customer bases.

What type of restaurant can be found on King Kwong Street, Causeway Bay, Hong Kong?

King Kwong Street in Causeway Bay, Hong Kong, is home to a diverse array of restaurants that cater to both locals and tourists exploring this vibrant shopping district. The street features traditional Cantonese dim sum restaurants, authentic Hong Kong-style cafes known as cha chaan tengs, upscale international dining establishments, and popular local noodle shops. Visitors can find everything from traditional Chinese cuisine including roast duck and barbecue pork restaurants to modern fusion establishments, Japanese sushi bars, Korean barbecue venues, and Western-style bistros. The dining options on King Kwong Street range from budget-friendly street food vendors and casual family restaurants to premium fine dining establishments, making it a popular destination for food enthusiasts seeking authentic Hong Kong culinary experiences. Many of these restaurants operate late into the evening, reflecting Hong Kong's dynamic food culture and the busy lifestyle of Causeway Bay residents and shoppers.