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

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

Renting a restaurant on Hoi Wan Street in Quarry Bay, Hong Kong offers exceptional business opportunities due to its prime location in one of the city's most dynamic commercial districts. This bustling street benefits from heavy foot traffic generated by nearby office towers, 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 eateries to upscale dining establishments. Hoi Wan Street's strategic position provides excellent visibility and accessibility, while the surrounding infrastructure including shopping centers, banks, and corporate offices creates a thriving ecosystem that supports restaurant businesses. Additionally, the relatively competitive rental rates compared to Central or Causeway Bay, combined with the area's continued development and growing popularity, make Quarry Bay an attractive investment opportunity for restaurateurs looking to establish or expand their presence in Hong Kong's competitive F&B market.

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

The cost to rent a restaurant on Hoi Wan Street, 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 condition of the property. Restaurant rental prices on Hoi Wan Street vary significantly based on factors such as floor area, street-level versus upper-floor positioning, existing kitchen facilities, and proximity to MTR stations. Ground floor restaurant spaces with prominent street frontage command premium rates of HK$150,000 to HK$200,000 monthly, while upper-floor restaurant units may rent for HK$80,000 to HK$120,000 per month. Quarry Bay restaurant rental costs also include additional expenses such as management fees, utilities deposits, and potential key money payments to previous tenants. Prospective restaurant operators should budget for renovation costs ranging from HK$500,000 to HK$1,500,000 depending on the existing condition and desired restaurant concept. The competitive restaurant market in Quarry Bay, particularly along busy commercial streets like Hoi Wan Street, means rental rates have remained relatively stable but demand high standards for food quality and service to justify the significant monthly overhead costs.

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

Hoi Wan Street in Causeway Bay, Hong Kong offers a diverse array of restaurant types that cater to both locals and tourists seeking authentic dining experiences. This bustling street features traditional Cantonese restaurants serving dim sum and roasted meats, popular hotpot establishments, and casual cha chaan tengs (tea restaurants) that offer Hong Kong-style fusion cuisine combining Western and Chinese dishes. Visitors to Hoi Wan Street can also find Japanese restaurants specializing in sushi and ramen, Korean barbecue joints, and international fast food chains alongside local street food vendors. The restaurant scene on Hoi Wan Street Causeway Bay reflects Hong Kong's multicultural dining landscape, with many establishments operating late into the night to accommodate the area's vibrant nightlife. From budget-friendly local eateries to mid-range dining options, Hoi Wan Street restaurants provide an excellent representation of Hong Kong's renowned food culture, making it a popular destination for food enthusiasts exploring the Causeway Bay district.