F&B Units for Rent on Mui Hing Street, Hong Kong

Why rent a restaurant on Mui Hing Street, Happy Valley, Hong Kong?

Renting a restaurant on Mui Hing Street 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 bustling street benefits from high foot traffic generated by nearby office buildings, residential complexes, and the famous Happy Valley Racecourse, ensuring a steady stream of potential customers throughout the day and evening. The area attracts both locals and tourists, providing restaurant owners with a diverse customer base that includes racing enthusiasts, office workers, and residents seeking quality dining options. Mui Hing Street's excellent transport connectivity, with easy access to MTR stations and bus routes, makes it convenient for customers to visit, while the competitive rental rates compared to Central or Tsim Sha Tsui districts offer better value for money. The street's established food scene creates a natural dining destination where restaurants can benefit from the collective draw of multiple eateries, and the mixed-use development in Happy Valley ensures consistent demand for dining services from morning coffee to late-night meals, making it an ideal location for restaurant entrepreneurs looking to establish a successful food business in Hong Kong.

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

The cost to rent a restaurant on Mui Hing 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. Restaurant rental prices on Mui Hing Street vary significantly based on factors such as square footage, street-level visibility, existing kitchen facilities, and proximity to Happy Valley's main commercial areas. Ground floor restaurant spaces with good foot traffic generally command higher rents, often exceeding HK$150,000 monthly for well-positioned units of 1,000 to 2,000 square feet. Smaller restaurant spaces or those requiring significant renovation may start around HK$60,000 to HK$80,000 per month. Additional costs for renting a restaurant on Mui Hing Street include mandatory deposits equivalent to 2-3 months rent, government licensing fees, utilities setup, and potential key money payments to previous tenants. Prospective restaurant operators should budget for total initial costs of HK$500,000 to HK$1,000,000 when factoring in rent deposits, renovation expenses, and equipment installation for a typical Mui Hing Street restaurant space in Happy Valley.

What type of restaurant can be found on Mui Hing Street, Causeway Bay, Hong Kong?

Mui Hing Street in Causeway Bay, Hong Kong is home to a diverse array of restaurants that cater to both local and international tastes. This vibrant street features traditional Cantonese dim sum restaurants, authentic Hong Kong-style tea restaurants (cha chaan tengs), Japanese sushi bars, Korean barbecue establishments, and contemporary fusion dining venues. Visitors to Mui Hing Street can enjoy everything from street food vendors serving local favorites like fish balls and egg waffles to upscale dining establishments offering international cuisine including Italian, Thai, and Western fare. The restaurant scene on Mui Hing Street reflects Causeway Bay's cosmopolitan nature, with many establishments staying open late to accommodate the area's bustling nightlife and shopping culture. Food enthusiasts will find both budget-friendly local eateries and premium dining options, making Mui Hing Street a popular destination for tourists and Hong Kong residents seeking diverse culinary experiences in one of the city's most dynamic districts.