F&B Units for Rent on New Praya, Kennedy Town, Hong Kong

Why rent a restaurant on New Praya, Kennedy Town, Kennedy Town, Hong Kong?

Renting a restaurant on New Praya in Kennedy Town, Hong Kong offers exceptional business opportunities in one of the city's most rapidly developing waterfront districts. New Praya Kennedy Town provides restaurateurs with prime location advantages including stunning harbor views, excellent transportation links via the MTR Kennedy Town Station, and access to a growing residential population of young professionals and expatriates. The area combines the charm of traditional Hong Kong with modern urban development, creating an ideal dining destination that attracts both locals and tourists. Restaurant spaces on New Praya benefit from high foot traffic, proximity to popular attractions like the Hong Kong Tramways western terminus, and competitive rental rates compared to Central or Tsim Sha Tsui. The Kennedy Town district has experienced significant gentrification and infrastructure improvements, making it an emerging hotspot for innovative dining concepts and established restaurant chains seeking expansion opportunities. With its unique blend of old and new Hong Kong culture, waterfront dining atmosphere, and strong community presence, New Praya Kennedy Town represents an strategic investment location for restaurant operators looking to establish a successful food and beverage business in Hong Kong's dynamic culinary landscape.

How much does it cost to rent a restaurant on New Praya, Kennedy Town, Kennedy Town, Hong Kong?

The cost to rent a restaurant on New Praya in Kennedy Town, Hong Kong varies significantly depending on several factors including location, size, condition, and lease terms. Restaurant rental prices on New Praya Kennedy Town typically range from HK$80 to HK$200 per square foot per month, with premium waterfront locations commanding higher rates. A small 800-1000 square foot restaurant space may cost between HK$64,000 to HK$200,000 monthly, while larger establishments of 1,500-2,000 square feet could range from HK$120,000 to HK$400,000 per month. Additional costs for restaurant rentals in Kennedy Town include government rates, management fees, utility deposits, and renovation expenses which can add 20-30% to the base rental cost. Landlords often require 2-3 months rent as deposit plus key money, making the initial investment substantial. Properties with existing restaurant licenses and equipment may command premium pricing, while ground floor locations with street access are generally more expensive than upper floor units. Market conditions, proximity to MTR stations, and the overall commercial viability of the specific New Praya location will also influence rental rates for restaurant spaces in this popular Kennedy Town district.

What type of restaurant can be found on New Praya, Kennedy Town, Causeway Bay, Hong Kong?

New Praya in Kennedy Town, Causeway Bay, Hong Kong features a diverse selection of restaurants catering to various dining preferences and budgets. Visitors to this popular Hong Kong dining destination can find authentic Cantonese restaurants serving traditional dim sum and roasted meats, contemporary Western bistros offering international cuisine, trendy cafes perfect for casual dining, and upscale seafood restaurants specializing in fresh catches from local waters. The restaurant scene on New Praya Kennedy Town also includes Japanese sushi bars, Italian trattorias, fusion Asian eateries, and local cha chaan tengs that serve Hong Kong-style tea restaurant fare. Whether you're looking for fine dining establishments with harbor views, family-friendly restaurants, or quick casual dining options, New Praya Kennedy Town in Causeway Bay provides an excellent culinary experience that reflects Hong Kong's multicultural food scene and makes it a must-visit destination for food enthusiasts exploring the area.