F&B Units for Rent on On Tai Street, Hong Kong

Why rent a restaurant on On Tai Street, Sheung Wan, Hong Kong?

Renting a restaurant on On Tai Street in Sheung Wan, Hong Kong offers exceptional business opportunities for food entrepreneurs seeking prime commercial real estate in one of the city's most vibrant dining districts. This strategic location provides high foot traffic from both local office workers and international tourists, with excellent connectivity to Central district and major MTR stations. On Tai Street restaurants benefit from the area's rich culinary heritage, surrounded by traditional tea houses, trendy cafes, and upscale dining establishments that create a thriving food ecosystem. The street's proximity to major business centers ensures consistent lunchtime crowds, while evening diners are drawn to Sheung Wan's reputation as a foodie destination. Restaurant operators can capitalize on the district's mix of traditional Hong Kong culture and modern international influences, making it ideal for diverse cuisine concepts from local Cantonese fare to contemporary fusion restaurants. The area's ongoing urban development and gentrification have increased property values and customer spending power, while maintaining the authentic Hong Kong atmosphere that attracts both residents and visitors. Additionally, On Tai Street's location offers convenient access to wholesale food markets and suppliers, reducing operational costs for restaurant businesses while positioning them in one of Hong Kong's most sought-after commercial dining precincts.

How much does it cost to rent a restaurant on On Tai Street, Sheung Wan, Hong Kong?

The cost to rent a restaurant on On Tai Street in Sheung Wan, Hong Kong typically ranges from HK$80,000 to HK$200,000 per month, depending on the size, condition, and exact location of the property. Restaurant rental prices on On Tai Street vary significantly based on factors such as square footage, street-level accessibility, existing kitchen equipment, and proximity to major commercial areas within Sheung Wan. Ground floor restaurant spaces with good foot traffic generally command higher rents, often exceeding HK$150,000 monthly for well-positioned units of 800-1,200 square feet. Smaller restaurant spaces or those requiring significant renovation may be available from HK$60,000 to HK$100,000 per month. Additionally, prospective tenants should budget for substantial security deposits, typically equivalent to 3-6 months rent, plus government rates, management fees, and potential key money payments that are common in Hong Kong's competitive restaurant rental market. Due to Sheung Wan's popularity as a dining and business district, restaurant rental costs on On Tai Street tend to be higher than many other areas in Hong Kong, making it essential for restaurateurs to carefully evaluate their budget and business projections before committing to a lease in this prime location.

What type of restaurant can be found on On Tai Street, Causeway Bay, Hong Kong?

On Tai Street in Causeway Bay, Hong Kong offers a diverse collection of restaurants catering to various tastes and budgets. This bustling street features numerous Japanese restaurants, including popular ramen shops, sushi bars, and izakaya-style dining establishments that attract both locals and tourists. Visitors can also find traditional Cantonese dim sum restaurants, hotpot venues, and authentic Hong Kong-style tea restaurants known as cha chaan tengs. The area is particularly famous for its Korean BBQ restaurants and Korean fried chicken joints, reflecting Causeway Bay's reputation as a hub for Korean cuisine in Hong Kong. Additionally, On Tai Street hosts several international dining options including Italian trattorias, Thai restaurants, and modern fusion establishments. Many of these restaurants operate late into the night, making On Tai Street a vibrant dining destination for both lunch and dinner. The street's proximity to major shopping areas and MTR stations makes it easily accessible for food enthusiasts looking to experience Hong Kong's diverse culinary scene in the heart of Causeway Bay.