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Princess Mansion 2,640 sq.ft. Ground Floor Restaurant For Sale In North Point

HK$68M for Sale
King's Road

Location and General Information

Ground Floor retail investment for sale at Princess Mansion, on King's Road in North Point (Fortress Hill). The property is sold subject to the existing tenancy, providing immediate rental income for an investor.

The premises offers approximately 2,640 sq.ft. across five adjoining ground-floor shops. The unit benefits from a ceiling height of about 11 ft 6 in, a frontage of about 14 ft 3 in and depth of about 70 ft, three-phase electricity, water supply and an internal toilet.

The asking price is HK$68,000,000. The unit is presently let at a passing rent of HK$170,000 per month (tenancy to 19/7/2027), with a management fee of about HK$2,150 monthly and government rates of about HK$23,730 quarterly. Sold by asset sale only.

Amenities

Air
Air Conditionning
Deck
Outdoor Space
WC
Toilets
CONTRACT
Licence
SHelves
Fitted Out
water_Drop
Water Supply
propane_tank
Gas Supply
bolt
Electricity

Pricing details

Sale Price :
HK$68M for Sale
Management Fee :
HK$2,150 monthly
Government Rate :
HK$23,730 quarterly

About the neighbourhood

North Point, located in the Eastern District, is a culturally rich neighborhood deeply influenced by over a century of immigration. Known colloquially as “Little Shanghai” and “Little Fujian,” North Point boasts a multicultural heritage, with immigrants bringing their unique cultures, lifestyles, and business practices to the area. Just a short stroll from the glimmering attractions of Causeway Bay, North Point offers a different kind of energy and excitement. The main roads, including King’s Road, Electric Road, and Java Road, are lined with a high concentration of shops catering to the local community. Visitors can enjoy a variety of Fujianese restaurants, Shanghainese shops, and Southeast Asian grocery marts amidst the traditional Hong Kong market on Chun Yeung Street. The middle section of Java Road is known as “Building Materials Street,” featuring numerous interior design firms and stores selling a wide range of furniture and building materials. Small to mid-sized shopping malls such as Maxi Mall, Harbour North, Fitfort, N.S.K. Centre, and Marble33 provide locals with convenient spots for shopping, dining, and leisure activities. North Point is well-connected by various modes of transportation, including Fortress Hill and North Point MTR stations, the North Point Ferry Pier, trams, and numerous bus lines. This robust infrastructure supports the ongoing development of Grade A office towers along King’s Road and other main roads, including 18 King Wah Road, 148 Electric Road, AIA Tower, Island Place Tower, and K. Wah Centre. For businesses seeking a dynamic and culturally diverse location, renting commercial space in North Point presents an excellent opportunity to thrive in a vibrant urban environment.

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