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Kai Fung Building 490 sq.ft. Basement Restaurant For Sale In Sheung Wan

HK$31M for Sale

Jervois Street

Restaurant

Sheung Wan

490

Sq. Ft. (Gross)

3900

Location and General Information

Basement retail investment for sale at Kai Fung Building, on Jervois Street in Sheung Wan. The property is sold subject to the existing tenancy, providing immediate rental income for an investor.

The premises offers approximately 490 sq.ft. (basement). The unit benefits from a ceiling height of about 12 ft 5 in, a frontage of about 20 ft and depth of about 17 ft, 100A three-phase electricity, water supply and an internal toilet.

The asking price is HK$31,000,000. The unit is presently let to Chill Hole Kitchen at a passing rent of HK$60,000 per month (tenancy to 16/11/2027), with a management fee of about HK$236 monthly and government rates of about HK$5,850 quarterly. Available as an asset sale or share sale.

Amenities

Air

Air Conditionning

Deck

Outdoor Space

Toilets

CONTRACT

Licence

SHelves

Fitted Out

water_Drop

Water Supply

propane_tank

Gas Supply

bolt

Electricity

100A TPN

Pricing details

Sale Price :

HK$31M for Sale

Management Fee :

HK$236 monthly

Government Rate :

HK$5,850 quarterly

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About the neighbourhood

Sheung Wan, known as the upper fringe of Hong Kong's Central Business District (CBD), has evolved significantly with the development of Grade A skyscrapers and urban renewal projects. Notable buildings like The Center, 181 Queen’s Road Central, COSCO Tower, and Infinitus Plaza have redefined the area, making it an integral part of Central. This dynamic neighborhood beautifully blends the old with the new, undergoing massive transformation driven by the CBD’s expansion. Accessibility is a key advantage of Sheung Wan, with multiple transportation options available. Major infrastructures, including the Airport Express station, Central Ferry Piers, and the Hong Kong–Macau Ferry Terminal, are conveniently located nearby, while regular helicopter services connect Hong Kong and Macau. The area is also renowned for its vibrant shopping streets, each offering unique specialty goods. Hollywood Road and Mosque Street are famous for antiques, while Bonham East and West Streets cater to ginseng and dried seafood. Ko Shing Street is known for traditional Chinese medicine, and Cleverly Street is popular for money exchange services. Like many bustling districts in Hong Kong, retail activities in Sheung Wan have expanded vertically, with numerous walk-up buildings and older residential structures housing beauty salons, restaurants, gyms, bars, educational centers, and fashion outlets. For businesses looking to tap into a vibrant market with excellent accessibility and a rich cultural backdrop, Sheung Wan presents a compelling opportunity in Hong Kong's evolving commercial landscape. Explore prime commercial real estate options in this dynamic neighborhood today!