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

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

Renting a restaurant on Prat Avenue in Tsim Sha Tsui, Hong Kong offers exceptional business opportunities due to its prime location in one of the city's most vibrant commercial districts. Prat Avenue attracts millions of tourists annually as it sits in the heart of Tsim Sha Tsui, providing restaurant owners with consistent foot traffic from both international visitors and local residents. The area boasts excellent connectivity with direct access to the MTR subway system, Star Ferry terminal, and major shopping centers like Harbour City and The One, ensuring maximum visibility for your restaurant business. Restaurant spaces on Prat Avenue benefit from the street's diverse dining scene, competitive rental rates compared to other premium Hong Kong locations, and proximity to luxury hotels that generate steady customer demand. The multicultural environment of Tsim Sha Tsui makes Prat Avenue ideal for various cuisine concepts, from authentic Cantonese dim sum to international fusion restaurants, while the area's reputation as a dining destination helps establish credibility and attract food enthusiasts seeking quality dining experiences in Hong Kong.

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

Renting a restaurant on Prat Avenue in Tsim Sha Tsui, Hong Kong typically costs between HK$80,000 to HK$200,000 per month for ground floor units, with basement locations ranging from HK$40,000 to HK$80,000 monthly. The rental cost for restaurants on Prat Avenue varies significantly based on factors such as unit size, floor level, foot traffic exposure, and specific location along this popular Tsim Sha Tsui street. Prime street-facing restaurant spaces with high visibility can command premium rents of HK$150,000 to HK$300,000 per month, while smaller or upper-floor restaurant units may be available for HK$50,000 to HK$120,000 monthly. Additional costs for restaurant rental on Prat Avenue include management fees averaging 5-8% of monthly rent, government rates and utilities, plus substantial security deposits equivalent to 3-6 months rent. The restaurant rental market in Tsim Sha Tsui remains competitive due to the area's status as a major tourist destination and shopping district, making Prat Avenue restaurant spaces highly sought after by both local and international food and beverage operators seeking to establish presence in this prime Hong Kong location.

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

Prat Avenue in Causeway Bay, Hong Kong offers a diverse range of restaurants catering to various tastes and budgets. Visitors can find traditional Cantonese dim sum restaurants serving authentic steamed dumplings and tea, upscale fine dining establishments featuring international cuisine, casual Japanese sushi bars and ramen shops, Korean barbecue restaurants, Western-style cafes and bistros, and local cha chaan tengs offering Hong Kong-style milk tea and comfort food. The area is particularly known for its shopping mall food courts in nearby complexes like Times Square and Hysan Place, which house numerous fast-casual dining options including Thai, Vietnamese, and fusion restaurants. Seafood restaurants specializing in fresh catches and Sichuan hotpot establishments are also popular choices along this bustling Causeway Bay street. Whether seeking budget-friendly street food, mid-range family dining, or luxury culinary experiences, Prat Avenue and its surrounding Causeway Bay district provide an extensive selection of restaurants that reflect Hong Kong's multicultural dining scene and reputation as a global food destination.