F&B Units for Rent on Hoi Kwong Street, Hong Kong

Why rent a restaurant on Hoi Kwong Street, Quarry Bay, Hong Kong?

Renting a restaurant on Hoi Kwong Street in Quarry Bay, Hong Kong offers exceptional business opportunities due to its prime location in one of the city's most vibrant commercial districts. This bustling street benefits from high foot traffic generated by nearby office buildings, residential complexes, and the Quarry Bay MTR station, ensuring a steady stream of potential customers throughout the day. The area attracts a diverse mix of local professionals, expatriate workers, and residents who seek convenient dining options, making it an ideal location for various restaurant concepts from casual cafes to upscale dining establishments. Hoi Kwong Street's strategic position provides excellent accessibility via public transportation and connects easily to other major Hong Kong districts, while the competitive rental rates compared to Central or Tsim Sha Tsui make it an attractive option for restaurateurs looking to establish or expand their business. The street's established food and beverage scene creates a dining destination atmosphere that draws customers specifically seeking restaurant experiences, and the area's continued development and urban renewal projects promise long-term growth potential for restaurant investments in Quarry Bay.

How much does it cost to rent a restaurant on Hoi Kwong Street, Quarry Bay, Hong Kong?

The cost to rent a restaurant on Hoi Kwong Street in Quarry Bay, 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. Ground floor restaurant spaces with street frontage on Hoi Kwong Street generally command higher rental prices due to excellent foot traffic and visibility, while upper floor locations may be available at more competitive rates. Quarry Bay restaurant rental costs are influenced by factors such as proximity to Quarry Bay MTR station, the size of the dining area, kitchen facilities, existing restaurant equipment, and lease terms. Properties closer to major office buildings and residential complexes on Hoi Kwong Street tend to have premium pricing due to consistent customer flow from nearby workers and residents. When budgeting for a restaurant rental in this area, operators should also consider additional costs such as management fees, rates, government license fees, and potential renovation expenses, which can add 20-30% to the base rental cost. It is advisable to engage a commercial property agent familiar with Quarry Bay restaurant rentals to get current market rates and negotiate favorable lease terms on Hoi Kwong Street.

What type of restaurant can be found on Hoi Kwong Street, Causeway Bay, Hong Kong?

Hoi Kwong Street in Causeway Bay, Hong Kong is home to a diverse array of restaurants that cater to both locals and tourists visiting this bustling shopping district. The street features numerous Cantonese dim sum restaurants, traditional tea houses, and authentic Hong Kong-style cafes known as cha chaan tengs that serve local comfort food like milk tea, pineapple buns, and egg sandwiches. Visitors to Hoi Kwong Street can also find upscale Chinese restaurants specializing in roast duck and barbecue pork, as well as international dining options including Japanese sushi bars, Korean barbecue establishments, and Western-style bistros. The restaurant scene on Hoi Kwong Street reflects Causeway Bay's reputation as a premier dining destination in Hong Kong, offering everything from quick street food stalls and casual noodle shops to fine dining establishments that showcase both traditional Cantonese cuisine and modern fusion dishes, making it an ideal location for food enthusiasts exploring the culinary landscape of this vibrant Hong Kong neighborhood.