F&B Units for Rent on Granville Road, Hong Kong
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Why rent a restaurant on Granville Road, Tsim Sha Tsui, Hong Kong?
Renting a restaurant on Granville Road in Tsim Sha Tsui, Hong Kong offers exceptional business opportunities due to its prime location in one of the city's most vibrant dining and entertainment districts. Granville Road is strategically positioned in the heart of Tsim Sha Tsui, providing easy access to major shopping areas, luxury hotels, and popular tourist attractions, ensuring a steady flow of both local customers and international visitors. The area boasts excellent transportation links with nearby MTR stations and bus routes, making it highly accessible for diners throughout Hong Kong. Restaurant rental properties on Granville Road benefit from the street's established reputation as a culinary destination, with high foot traffic from tourists exploring nearby attractions like the Avenue of Stars, Hong Kong Space Museum, and harbourfront promenade. The diverse demographic mix of affluent locals, business travelers, and tourists creates multiple revenue opportunities for restaurants, from casual dining to upscale establishments. Additionally, Tsim Sha Tsui's proximity to mainland China attracts numerous mainland Chinese visitors, expanding the potential customer base significantly. The competitive rental market on Granville Road reflects the area's commercial value, with property options ranging from ground-floor street-facing locations to multi-level spaces that can accommodate various restaurant concepts and seating capacities.
How much does it cost to rent a restaurant on Granville Road, Tsim Sha Tsui, Hong Kong?
The cost to rent a restaurant on Granville Road, Tsim Sha Tsui, Hong Kong varies significantly depending on location, size, and property condition, with rental prices typically ranging from HK$80,000 to HK$300,000 per month for ground floor units. Prime locations along the main stretch of Granville Road command higher rents due to heavy foot traffic from tourists and locals, while smaller establishments or upper floor spaces may cost between HK$40,000 to HK$120,000 monthly. Restaurant rental costs in Tsim Sha Tsui are influenced by factors including proximity to the MTR station, street visibility, total floor area measured in square feet, existing kitchen facilities, and lease terms, with most landlords requiring 2-3 months deposit plus key money. Prospective restaurant operators should budget for additional expenses beyond base rent, including government licensing fees, utilities, renovation costs, and management fees, which can add 20-30% to the total monthly operating costs. Due to Granville Road's status as a popular dining and shopping district in Hong Kong's tourist hub, restaurant spaces are in high demand, making it essential to work with experienced commercial real estate agents who specialize in Tsim Sha Tsui properties to secure competitive rental rates.
What type of restaurant can be found on Granville Road, Causeway Bay, Hong Kong?
Granville Road in Causeway Bay, Hong Kong offers a diverse array of restaurants catering to various tastes and budgets, making it a popular dining destination for both locals and tourists. The street features numerous Japanese restaurants, including authentic sushi bars, ramen shops, and izakayas, alongside traditional Cantonese dim sum restaurants and Hong Kong-style tea houses. International cuisine is well-represented with Italian pizzerias, Korean barbecue establishments, Thai restaurants, and Western-style cafes and bistros. Fast food chains and casual dining options are abundant, while upscale fine dining restaurants provide premium culinary experiences. Many establishments on Granville Road Causeway Bay specialize in Hong Kong's famous street food culture, offering local favorites like char siu bao, egg waffles, and milk tea. The restaurant scene on this bustling street reflects Hong Kong's multicultural food landscape, with 24-hour eateries, family-friendly establishments, and trendy modern restaurants all within walking distance of major shopping areas and the Causeway Bay MTR station.
