F&B Units for Rent on Austin Avenue, Hong Kong

Why rent a restaurant on Austin Avenue, Tsim Sha Tsui, Hong Kong?

Renting a restaurant on Austin Avenue in Tsim Sha Tsui, Hong Kong offers exceptional business opportunities in one of the city's most vibrant commercial districts. Austin Avenue boasts heavy foot traffic from both locals and international tourists visiting nearby attractions like the Avenue of Stars, Hong Kong Space Museum, and luxury shopping centers. The area provides excellent accessibility through multiple MTR stations including Tsim Sha Tsui and Jordan stations, making it convenient for customers throughout Hong Kong. Restaurant owners benefit from the diverse demographic mix of office workers, tourists, and residents who frequent Austin Avenue daily, creating consistent demand for dining options ranging from casual to upscale establishments. The street's proximity to major hotels, entertainment venues, and the iconic Hong Kong waterfront ensures steady customer flow throughout the day and evening. Additionally, Austin Avenue's established reputation as a dining destination means reduced marketing costs and built-in brand recognition for new restaurant ventures. The area's infrastructure supports various restaurant concepts with flexible lease terms and sizes available to accommodate different business models and budgets. For entrepreneurs seeking to establish a successful restaurant business in Hong Kong, Austin Avenue in Tsim Sha Tsui represents an ideal location that combines high visibility, consistent foot traffic, and strong commercial potential in the heart of one of Asia's premier dining and shopping districts.

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

The cost to rent a restaurant on Austin Avenue in Tsim Sha Tsui, Hong Kong typically ranges from HK$80,000 to HK$300,000 per month depending on the size, location along the street, and condition of the property. Ground floor restaurant spaces on Austin Avenue command premium prices due to high foot traffic and excellent visibility, with rental rates averaging HK$150 to HK$400 per square foot monthly. Smaller restaurant units of 500-800 square feet generally rent for HK$100,000 to HK$180,000 per month, while larger establishments exceeding 1,500 square feet can cost HK$250,000 to HK$350,000 monthly. Additional costs for renting a restaurant on Austin Avenue include substantial key money deposits ranging from 3-6 months rent, government licensing fees, and renovation expenses which can add HK$500,000 to HK$2 million to your initial investment. The exact rental price varies based on factors such as proximity to major hotels, MTR stations, shopping centers, lease terms, and current market conditions in the competitive Tsim Sha Tsui dining district.

What type of restaurant can be found on Austin Avenue, Causeway Bay, Hong Kong?

Austin Avenue in Causeway Bay, Hong Kong offers a diverse selection of restaurants catering to various tastes and budgets. This bustling street features traditional Cantonese dim sum restaurants, authentic local cha chaan tengs (tea restaurants), international cuisine establishments including Japanese sushi bars, Korean BBQ restaurants, and Western dining options. Visitors to Austin Avenue can find everything from casual street food vendors and quick-service noodle shops to upscale fine dining establishments. The area is particularly known for its seafood restaurants, hotpot venues, and trendy cafes that serve both local Hong Kong-style milk tea and international coffee varieties. Many restaurants on Austin Avenue operate late into the night, making it a popular dining destination for both locals and tourists exploring Causeway Bay's vibrant food scene. The street's proximity to major shopping areas and hotels makes these restaurants easily accessible for those looking to experience authentic Hong Kong cuisine alongside international flavors in one of the city's most dynamic neighborhoods.