F&B Units for Rent on Magazine Gap Road, Hong Kong

Why rent a restaurant on Magazine Gap Road, Mid-Levels, Hong Kong?

Magazine Gap Road in Mid-Levels, Hong Kong offers an exceptional location for restaurant rental with its strategic positioning in one of the city's most prestigious residential areas. Renting a restaurant on Magazine Gap Road provides access to an affluent customer base of expatriates and local professionals who frequent the Mid-Levels district for its upscale dining scene. The area benefits from excellent transportation links, including nearby MTR stations and bus routes, ensuring high foot traffic and easy accessibility for customers. Magazine Gap Road's elevated location offers stunning harbor and city views that can enhance the dining experience and attract tourists seeking memorable restaurants in Hong Kong. The street's established reputation as a dining destination means lower marketing costs and built-in customer expectations for quality establishments. Additionally, the Mid-Levels location provides proximity to major business districts like Central and Admiralty, making it ideal for lunch crowds and after-work dining. Restaurant operators choosing Magazine Gap Road can capitalize on the area's international community, allowing for diverse cuisine concepts and higher price points that reflect the premium location's market positioning.

How much does it cost to rent a restaurant on Magazine Gap Road, Mid-Levels, Hong Kong?

The cost to rent a restaurant on Magazine Gap Road in Mid-Levels, Hong Kong typically ranges from HK$80,000 to HK$300,000 per month depending on the size, location, and condition of the property. Prime ground floor restaurant spaces with street frontage on Magazine Gap Road command premium rents between HK$200,000 to HK$300,000 monthly, while smaller establishments or those on upper floors may rent for HK$80,000 to HK$150,000 per month. Restaurant rental costs in Mid-Levels Magazine Gap Road are influenced by factors such as foot traffic, proximity to residential complexes, size measured in square feet, existing kitchen facilities, and lease terms. Most landlords require a security deposit equivalent to 3-6 months rent plus key money, and tenants should budget additional costs for restaurant licensing, equipment, renovation, and monthly management fees which typically add 15-25% to the base rental cost. Given the competitive Hong Kong restaurant market and high demand for Mid-Levels locations, prospective tenants should expect annual rent increases of 3-8% and negotiate lease terms carefully to secure favorable rental rates on Magazine Gap Road.

What type of restaurant can be found on Magazine Gap Road, Causeway Bay, Hong Kong?

Magazine Gap Road in Causeway Bay, Hong Kong offers a diverse range of dining establishments that cater to both local and international tastes. Visitors to this popular Hong Kong location can find everything from traditional Cantonese dim sum restaurants and authentic Chinese cuisine to modern international bistros, Japanese sushi bars, and Western-style cafes. The area is particularly known for its upscale dining options, including fine dining restaurants that serve contemporary Asian fusion dishes, as well as casual eateries offering quick bites and local Hong Kong street food favorites. Many of the restaurants on Magazine Gap Road feature both indoor and outdoor seating areas, taking advantage of the area's vibrant atmosphere in Causeway Bay, one of Hong Kong's premier shopping and dining districts. Whether you're looking for luxury dining experiences, family-friendly restaurants, or trendy cafes perfect for business meetings, Magazine Gap Road provides an excellent selection of culinary options that reflect Hong Kong's multicultural food scene and position as an international dining destination.