F&B Units for Rent on Cheung Yip Street, Hong Kong

Why rent a restaurant on Cheung Yip Street, Kai Tak, Hong Kong?

Renting a restaurant on Cheung Yip Street in Kai Tak, Hong Kong offers exceptional business opportunities in one of the city's most rapidly developing districts. This strategic location provides easy access to major transportation hubs including Kai Tak Cruise Terminal and the nearby MTR stations, ensuring high foot traffic from both locals and tourists. The area benefits from ongoing urban redevelopment projects that are attracting new residential complexes, commercial buildings, and entertainment venues, creating a thriving dining scene with strong growth potential. Restaurant operators can take advantage of competitive rental rates compared to more established districts like Central or Tsim Sha Tsui, while still accessing Hong Kong's affluent customer base. Cheung Yip Street's proximity to the former Kai Tak Airport site, which is being transformed into a sports and entertainment hub, positions restaurants to capitalize on increased visitor numbers from major events and attractions. The street offers excellent visibility and accessibility for delivery services, crucial for Hong Kong's robust food delivery market. Additionally, the area's modern infrastructure, ample parking facilities, and proximity to residential developments make it an ideal location for establishing a successful restaurant business in Hong Kong's competitive food and beverage industry.

How much does it cost to rent a restaurant on Cheung Yip Street, Kai Tak, Hong Kong?

The cost to rent a restaurant on Cheung Yip Street, Kai Tak, Hong Kong typically ranges from HK$80,000 to HK$200,000 per month depending on the size, location within the street, and specific property conditions. Restaurant rental prices in Kai Tak have been increasing due to the area's ongoing development and improved infrastructure, with ground floor units commanding premium rates of HK$40 to HK$80 per square foot monthly. Cheung Yip Street restaurant spaces generally range from 800 to 2,500 square feet, making it an attractive location for both small cafes and larger dining establishments. Additional costs for restaurant tenants include a security deposit equivalent to 2-3 months rent, government rates and management fees, plus potential key money payments to previous tenants. The Kai Tak district's proximity to the former airport site and new residential developments has made Cheung Yip Street increasingly popular among restaurateurs, though rental costs remain more affordable compared to traditional commercial areas like Tsim Sha Tsui or Central. Prospective restaurant operators should budget for total monthly occupancy costs of approximately 20-30% above the base rent when factoring in utilities, insurance, and building management fees.

What type of restaurant can be found on Cheung Yip Street, Causeway Bay, Hong Kong?

Cheung Yip Street in Causeway Bay, Hong Kong features a diverse mix of restaurant types that cater to both locals and tourists visiting this bustling shopping district. The street is home to traditional Cantonese dim sum restaurants, authentic local cha chaan tengs (tea restaurants) serving Hong Kong-style comfort food, Japanese sushi bars and ramen shops, Korean barbecue establishments, and modern fusion dining venues. Visitors can also find popular international chains alongside family-run noodle shops, seafood restaurants specializing in fresh catches, and trendy cafes offering both Western and Asian cuisine. The restaurant scene on Cheung Yip Street reflects Causeway Bay's cosmopolitan nature, with establishments ranging from budget-friendly street food vendors and casual dining spots to upscale restaurants, making it a prime dining destination that showcases Hong Kong's rich culinary heritage and international food culture in one convenient location.