F&B Units for Rent on Third Street, Hong Kong

Fitted Restaurant with Licence in Sai Ying Pun

HK$65,000 monthly

Third Street

Restaurant

Sai Ying Pun

900

Sq. Ft.

Why rent a restaurant on Third Street, Sai Ying Pun, Hong Kong?

Renting a restaurant on Third Street in Sai Ying Pun, Hong Kong offers exceptional business opportunities in one of the city's most vibrant and rapidly developing neighborhoods. This prime location provides excellent foot traffic from both local residents and tourists exploring the trendy Sai Ying Pun district, which has transformed into a popular dining and entertainment hub. Third Street benefits from convenient MTR connectivity via Sai Ying Pun Station, making it easily accessible to customers from across Hong Kong Island. The area attracts a diverse mix of young professionals, expatriates, and local families, creating a strong customer base for restaurants of various cuisines and price points. Restaurant operators can take advantage of the neighborhood's growing reputation as a foodie destination, with lower rental costs compared to Central or Causeway Bay while still maintaining high visibility and accessibility. The street's proximity to the University of Hong Kong and numerous residential developments ensures consistent daily traffic, while the area's blend of traditional local culture and modern international influences makes it an ideal location for both casual dining establishments and upscale restaurants looking to establish themselves in Hong Kong's competitive F&B market.

How much does it cost to rent a restaurant on Third Street, Sai Ying Pun, Hong Kong?

The cost to rent a restaurant on Third Street in Sai Ying Pun, 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. Third Street Sai Ying Pun restaurant rental prices are influenced by factors such as foot traffic, proximity to the MTR station, available kitchen facilities, and overall square footage of the dining space. Smaller restaurant spaces of 500-800 square feet may cost around HK$80,000 to HK$120,000 monthly, while larger establishments exceeding 1,000 square feet can command HK$150,000 to HK$200,000 or more per month. Restaurant rental costs in Sai Ying Pun have remained relatively stable compared to other Hong Kong districts, making Third Street an attractive option for food and beverage entrepreneurs seeking affordable commercial space in a well-connected neighborhood. Additional costs to consider when renting a restaurant on Third Street include management fees, utilities, government rates, and potential renovation expenses to customize the space for your specific restaurant concept.

What type of restaurant can be found on Third Street, Sai Ying Pun, Hong Kong?

Third Street is one of the parallel residential streets of Sai Ying Pun, alongside First Street and Second Street, and a short walk from Sai Ying Pun MTR station. The area has built a reputation for independent dining, so restaurants here include specialty coffee shops, brunch cafes, small Western and Asian bistros, wine bars and traditional local eateries. Customers are mostly residents and young professionals who live in the neighbourhood, along with visitors from other parts of Hong Kong Island on weekends. Venues are generally small and informal, with busy evenings and weekend brunch periods. Third Street suits independent restaurants, cafes and wine bars that want a neighbourhood setting with a loyal local following.