F&B Units for Rent on Tai Pak Terrace, Hong Kong

Why rent a restaurant on Tai Pak Terrace, Kennedy Town, Hong Kong?

Renting a restaurant on Tai Pak Terrace in Kennedy Town, Hong Kong offers exceptional business opportunities for food entrepreneurs seeking a strategic location with high growth potential. This vibrant waterfront district has transformed into one of Hong Kong's most desirable dining destinations, attracting both locals and tourists with its stunning harbor views and trendy atmosphere. Restaurant spaces on Tai Pak Terrace benefit from excellent foot traffic due to the area's proximity to the MTR Kennedy Town Station, making it easily accessible to customers from across Hong Kong Island. The neighborhood's diverse demographic, including young professionals, expatriates, and families, creates a stable customer base for various dining concepts from casual cafes to upscale restaurants. Kennedy Town's ongoing urban development and gentrification have significantly increased property values and commercial appeal, while rental rates remain more competitive compared to Central or Causeway Bay. The area's unique blend of traditional Hong Kong culture and modern lifestyle attracts food lovers seeking authentic yet contemporary dining experiences. Additionally, Tai Pak Terrace's waterfront location provides restaurateurs with the opportunity to offer outdoor seating and harbor views, creating a premium dining atmosphere that commands higher prices and customer loyalty in Hong Kong's competitive restaurant market.

How much does it cost to rent a restaurant on Tai Pak Terrace, Kennedy Town, Hong Kong?

Renting a restaurant on Tai Pak Terrace in Kennedy Town, Hong Kong typically costs between HK$80,000 to HK$200,000 per month, depending on the size, location within the street, and current market conditions. Restaurant rental prices on Tai Pak Terrace vary significantly based on factors such as floor area, street-level accessibility, existing kitchen equipment, and proximity to Kennedy Town MTR station. Ground floor restaurant spaces with good foot traffic generally command higher rents, often ranging from HK$120,000 to HK$200,000 monthly, while upper floor locations may be available from HK$80,000 to HK$150,000 per month. Kennedy Town's growing popularity as a dining destination has increased demand for restaurant spaces on Tai Pak Terrace, with landlords typically requiring security deposits equivalent to 3-6 months' rent plus additional costs for utilities, management fees, and potential renovation expenses. Prospective restaurant operators should also budget for licensing fees, equipment installation, and interior design costs when calculating the total investment required to establish a restaurant business on Tai Pak Terrace in Kennedy Town.

What type of restaurant can be found on Tai Pak Terrace, Causeway Bay, Hong Kong?

Tai Pak Terrace in Causeway Bay, Hong Kong is home to a diverse range of restaurants that cater to both local and international tastes. This bustling street features traditional Cantonese dim sum restaurants, authentic Hong Kong-style tea restaurants (cha chaan tengs), modern Asian fusion establishments, and popular hotpot venues. Visitors to Tai Pak Terrace can also find Japanese sushi bars, Korean barbecue restaurants, Western-style cafes, and fast-casual dining options. The area is particularly known for its seafood restaurants that serve fresh catches prepared in traditional Cantonese cooking styles, as well as upscale dining establishments offering contemporary interpretations of Chinese cuisine. Many of these Tai Pak Terrace restaurants operate late into the evening, making this Causeway Bay location a popular destination for both lunch and dinner among locals, tourists, and business professionals exploring Hong Kong's vibrant food scene.