F&B Units for Rent on Leung Fai Terrace, Hong Kong

Why rent a restaurant on Leung Fai Terrace, Mid-Levels, Hong Kong?

Renting a restaurant on Leung Fai Terrace in Mid-Levels, Hong Kong offers exceptional business opportunities due to its prime location in one of the city's most prestigious residential areas. This upscale neighborhood attracts affluent locals and expatriates who frequently dine out and value quality dining experiences, providing a steady customer base with strong spending power. The Mid-Levels location benefits from excellent accessibility via the Central-Mid-Levels escalator system and convenient transport links, making it easily reachable for both residents and visitors from Central and other districts. Leung Fai Terrace specifically offers a more intimate, residential setting compared to busy commercial areas, allowing restaurants to create a sophisticated atmosphere that appeals to discerning diners seeking quality cuisine in a refined environment. The area's lower competition compared to saturated F&B districts in Central or Causeway Bay presents opportunities for new restaurants to establish themselves, while the proximity to luxury residential complexes ensures consistent foot traffic throughout the week. Additionally, the Mid-Levels location commands premium pricing due to its upmarket positioning, potentially leading to higher profit margins for restaurant operators who can deliver exceptional dining experiences to Hong Kong's affluent community.

How much does it cost to rent a restaurant on Leung Fai Terrace, Mid-Levels, Hong Kong?

The cost to rent a restaurant on Leung Fai Terrace in Mid-Levels, Hong Kong typically ranges from HK$80,000 to HK$200,000 per month, depending on the size, location within the building, and specific terms of the lease agreement. Leung Fai Terrace restaurant rental prices are influenced by factors such as floor area, whether the space includes existing kitchen equipment, proximity to major residential complexes, and the length of the lease commitment. Mid-Levels Hong Kong restaurant spaces on Leung Fai Terrace are particularly sought after due to the area's high foot traffic from affluent residents and the convenient location near the Central business district. Property agents specializing in Mid-Levels commercial rentals often report that restaurant spaces in this premium location command higher rents compared to other areas in Hong Kong, with additional costs including government rates, management fees, and utility deposits that can add 15-25% to the base rental amount. Prospective restaurateurs should budget for key money or premium payments that may be required for prime Leung Fai Terrace restaurant locations, which can range from three to six months' rent in advance.

What type of restaurant can be found on Leung Fai Terrace, Causeway Bay, Hong Kong?

Leung Fai Terrace in Causeway Bay, Hong Kong is home to a diverse collection of restaurants that cater to both local and international tastes. This vibrant dining destination features traditional Cantonese restaurants serving authentic dim sum and roasted meats, contemporary Japanese establishments offering fresh sushi and ramen, trendy cafes specializing in artisanal coffee and Western brunch options, and upscale international cuisine restaurants. The area is particularly known for its mix of casual eateries and fine dining establishments, making it a popular food hub in Causeway Bay where visitors can find everything from street food-style Hong Kong classics like wonton noodles and char siu bao to modern fusion cuisine and international chains, reflecting the cosmopolitan dining culture that Causeway Bay is famous for among both tourists and locals.