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

Corner F&B Unit for Rent in Tai Hang

HK$68,000 monthly

Shepherd Street

Restaurant

Tai Hang

1,100

Sq. Ft.

Why rent a restaurant on Shepherd Street, Tai Hang, Hong Kong?

Renting a restaurant on Shepherd Street in Tai Hang, Hong Kong offers exceptional business opportunities in one of the city's most vibrant dining districts. Located in the heart of this trendy neighborhood, Shepherd Street provides excellent foot traffic from both local residents and tourists exploring Tai Hang's famous street food scene and cultural attractions. The area benefits from convenient MTR accessibility and proximity to Causeway Bay's shopping centers, ensuring a steady stream of potential customers throughout the day. Restaurant spaces on Shepherd Street typically feature competitive rental rates compared to Central or Tsim Sha Tsui while still maintaining high visibility and prestige. The street's established reputation as a culinary destination means restaurateurs can leverage the existing food culture and dining expectations of the area. Additionally, Tai Hang's mix of residential buildings and commercial spaces creates a perfect environment for restaurants targeting both everyday diners and special occasion customers. The neighborhood's ongoing development and government support for local businesses make Shepherd Street an ideal location for restaurant investment, offering growth potential and long-term stability in Hong Kong's competitive food and beverage market.

How much does it cost to rent a restaurant on Shepherd Street, Tai Hang, Hong Kong?

The cost to rent a restaurant on Shepherd Street in Tai Hang, Hong Kong typically ranges from HK$80,000 to HK$200,000 per month depending on the size, condition, and specific location along the street. Restaurant rental prices on Shepherd Street Tai Hang vary significantly based on factors such as floor area, which can range from 800 to 2,500 square feet, ground floor versus upper floor positioning, and the existing fit-out condition of the space. Prime ground floor restaurant spaces with street-facing frontage on Shepherd Street command premium rents of HK$100 to HK$120 per square foot, while upper floor restaurant units may rent for HK$60 to HK$80 per square foot. Additional costs for renting a restaurant in Tai Hang include security deposits equivalent to 3-6 months rent, government rates and management fees, and potential key money or premium payments ranging from HK$500,000 to HK$2,000,000 for established restaurant locations. Prospective restaurant tenants should budget for total monthly occupancy costs of approximately 20-30% above the base rent when calculating restaurant rental expenses on Shepherd Street Tai Hang Hong Kong.

What type of restaurant can be found on Shepherd Street, Tai Hang, Hong Kong?

Shepherd Street is in Tai Hang, a small, low rise neighbourhood on Hong Kong Island known for its independent cafes and restaurants and for the annual Fire Dragon Dance during the Mid-Autumn Festival. Like much of Tai Hang, the dining mix combines long established local eateries, such as noodle shops and cha chaan tengs, with newer cafes, bakeries, Japanese and Western restaurants. Customers are mostly residents and diners who travel to the area specifically for its relaxed, village-like atmosphere, with weekends and evenings being the busiest periods. Units are typically small ground floor shops. Shepherd Street suits independent cafes, small restaurants and specialty food concepts that can attract customers as a neighbourhood destination.