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

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

Renting a restaurant on Possession Street in Sheung Wan, Hong Kong offers exceptional business opportunities in one of the city's most vibrant commercial districts. This prime location provides high foot traffic from both local professionals and international tourists, as Possession Street sits in the heart of Sheung Wan's bustling business and cultural hub. The area benefits from excellent transport connectivity with nearby MTR stations and ferry terminals, making it easily accessible for customers throughout Hong Kong. Possession Street Sheung Wan is renowned for its mix of traditional and modern establishments, creating an ideal environment for restaurants to thrive alongside art galleries, boutique shops, and corporate offices. The street's proximity to Central District ensures a steady stream of office workers seeking dining options, while the area's growing reputation as a trendy neighborhood attracts food enthusiasts and tourists. Additionally, Sheung Wan's rich history and cultural significance, combined with its ongoing urban development, makes Possession Street an attractive location for restaurateurs looking to establish their business in a dynamic area with strong growth potential and diverse customer demographics.

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

The cost to rent a restaurant on Possession Street in Sheung Wan, Hong Kong varies significantly depending on the size, condition, and exact location of the property. Ground floor restaurant spaces on Possession Street typically range from HK$80,000 to HK$200,000 per month for properties between 800 to 2,000 square feet, with premium corner locations commanding higher rents. Smaller restaurant units of 500-800 square feet may rent for HK$50,000 to HK$100,000 monthly, while larger establishments exceeding 2,500 square feet can cost upwards of HK$250,000 per month. Restaurant rental prices on Possession Street are influenced by factors such as foot traffic, proximity to Central MTR station, existing kitchen facilities, and the building's age and condition. Landlords in Sheung Wan typically require a security deposit equivalent to 3-6 months' rent, plus key money or premium payments that can range from HK$500,000 to HK$2 million depending on the property's commercial value. Additionally, tenants should budget for management fees, rates, government rent, and utility deposits which can add 15-25% to the base rental cost when calculating the total monthly expenses for operating a restaurant on Possession Street.

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

Possession Street in Causeway Bay, Hong Kong offers a diverse range of dining establishments that cater to both local residents and international visitors. The street features traditional Cantonese dim sum restaurants serving authentic Hong Kong-style breakfast and lunch dishes, alongside modern fusion eateries that blend Asian and Western culinary traditions. Visitors can find casual cha chaan tengs (tea restaurants) offering affordable local comfort food, upscale seafood restaurants specializing in fresh catches, and international cuisine options including Japanese, Korean, and Western establishments. The area is particularly known for its bustling food scene that includes both street-side vendors and sit-down restaurants, making Possession Street a popular destination for food enthusiasts exploring Causeway Bay's vibrant dining culture. Many of these restaurants stay open late into the evening, reflecting Hong Kong's dynamic nightlife and accommodating the busy schedules of locals and tourists alike.