F&B Units for Rent on Ashley Road, Hong Kong

F&B Unit for Lease in Tsim Sha Tsui

HK$230,000 monthly

Ashley Road

Restaurant

Tsim Sha Tsui

1,683

Sq. Ft.

Why rent a restaurant on Ashley Road, Tsim Sha Tsui, Hong Kong?

Ashley Road in Tsim Sha Tsui, Hong Kong offers exceptional opportunities for restaurant rental due to its prime location in one of the city's most vibrant dining and shopping districts. Renting a restaurant on Ashley Road provides access to heavy foot traffic from both locals and tourists visiting nearby attractions like the Star Ferry, Hong Kong Space Museum, and luxury shopping areas along Nathan Road. The area benefits from excellent transportation connectivity with multiple MTR stations, bus routes, and proximity to major hotels, ensuring a steady stream of potential customers throughout the day. Ashley Road's established reputation as a culinary destination means restaurants here can capitalize on the district's dining culture while benefiting from competitive rental rates compared to premium waterfront locations. The diverse demographic mix of office workers, shoppers, and international visitors creates opportunities for various restaurant concepts, from casual dining to upscale establishments. Additionally, the area's late-night economy and proximity to entertainment venues ensure extended operating hours can be profitable, making Ashley Road an ideal location for restaurant entrepreneurs looking to establish a successful food business in Hong Kong's competitive market.

How much does it cost to rent a restaurant on Ashley Road, Tsim Sha Tsui, Hong Kong?

The cost to rent a restaurant on Ashley Road in Tsim Sha Tsui, Hong Kong typically ranges from HK$80,000 to HK$300,000 per month depending on the size, location, and condition of the property. Ground floor restaurant spaces with prime street frontage on Ashley Road command premium rents of HK$200,000 to HK$300,000 monthly for spaces between 1,000 to 2,000 square feet, while smaller restaurants or those on upper floors may rent for HK$80,000 to HK$150,000 per month. Additional costs for restaurant rental in Tsim Sha Tsui include management fees averaging HK$15 to HK$25 per square foot, government rates and utilities, plus substantial security deposits equivalent to 3-6 months rent. The high rental costs on Ashley Road reflect its prime location in one of Hong Kong's busiest tourist and shopping districts, with excellent foot traffic and proximity to major hotels, making it an attractive but expensive location for restaurant businesses. Prospective tenants should budget for total monthly occupancy costs of 20-30% above the base rent when planning to open a restaurant in this prestigious Tsim Sha Tsui location.

What type of restaurant can be found on Ashley Road, Tsim Sha Tsui, Hong Kong?

Ashley Road is a side street in the western part of Tsim Sha Tsui, set among the busy shopping and hotel area between Nathan Road and Canton Road. Like much of Tsim Sha Tsui, the restaurant mix is broad and international, including Cantonese restaurants, Japanese and Korean eateries, Western bar-restaurants, pubs and casual cafes. Diners include tourists, hotel guests, office workers and local shoppers, and Tsim Sha Tsui MTR station is within walking distance. Evenings and weekends are the busiest periods, with late trade supported by the area's bars. The street suits casual international restaurants, bar-restaurants, cafes and Asian dining concepts that can serve both visitors and local office workers.