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Kin Wong Mansion 880 sq.ft. Ground Floor Shop For Sale In Mong Kok

HK$28M for Sale

Sai Yee Street

Shop

Mong Kok

880

Sq. Ft. (Gross)

3905

Location and General Information

Ground Floor retail investment for sale at Kin Wong Mansion, on Sai Yee Street in Mong Kok. The property is sold subject to the existing tenancy, providing immediate rental income for an investor.

The premises offers approximately 880 sq.ft. (ground floor). The unit benefits from a ceiling height of about 12 ft, a frontage of about 9 ft 9 in and depth of about 60 ft, 63A three-phase electricity, town gas, water supply and an internal toilet.

The asking price is HK$28,000,000. The unit is presently let to Icegreen at a passing rent of HK$60,000 per month (tenancy to 30/11/2027), with a management fee of about HK$500 monthly and government rates of about HK$9,150 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

63A TPN

Pricing details

Sale Price :

HK$28M for Sale

Management Fee :

HK$500 monthly

Government Rate :

HK$9,150 quarterly

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About the neighbourhood

Mong Kok is one of Hong Kong's most vibrant and densely populated districts, renowned for its energetic atmosphere and rich cultural diversity. Located in the heart of Kowloon, Mong Kok has long been a bustling hub for commerce, attracting both locals and tourists with its eclectic mix of shops, street markets, and dining options. The area is famous for its iconic landmarks such as the Ladies' Market, Sneakers Street, and the various food stalls that line its bustling streets, making it a prime destination for shoppers and food lovers alike. For entrepreneurs looking to open a shop or restaurant, Mong Kok offers an unparalleled opportunity to tap into a high volume of foot traffic and a diverse customer base. The district's unique blend of traditional markets and modern retail spaces creates a dynamic environment where creative concepts can thrive. With a vibrant nightlife and a constant influx of visitors throughout the day, Mong Kok provides the perfect backdrop for businesses aiming to capture the energy and spirit of one of Hong Kong's most iconic neighborhoods. Whether you're considering a trendy eatery, a retail boutique, or a unique service, Mong Kok is an ideal location to establish your brand and engage with a lively community.