• Savills Appointed Sole Agent for a Public Tender Sale of a Rare Commercial Site on Lively Nathan Road

    10 August 2015

    Savills has been appointed sole agent for the public tender sale of a commercial site at 575-57A, Nathan Road.  According to industry players, the property is valued up to HK$620 million.

    575-575A Nathan Road

    Properties for sale in the core retail Mongkok area along Nathan Road are very rare.  The commercial site at 575-575A has an area of 2,130 sq ft and has been cleared for easier future usage.  Potential buyers can develop the site into an hotel, an office building or a ginza-style commercial building.   In addition, the site has been approved by the Buildings Department to be developed as a 22-storey boutique hotel, offering a total of 64 rooms.  The total gross floor area is 25,530 sq ft.
    Walking from the property to Mongkok / Yau Ma Tei MTR Station only takes around 5 minutes.  Tourists and the younger generation have always been attracted to this area for exciting shopping.  The property currently on sale is in the neighbourhood of Chow Tai Fook Commercial Centre, Chong Hing Square and Sino Centre.  The world-famous Langham Place is also in this area, offering a substantial and attractive rental benchmark for the property for sale.

    Jonathan Chau, Director of Investment, Savills said that, “the current buoyant investment sentiment means that potential buyers are easily attracted when rare investment opportunities such as this one come to market.  With such an excellent location, this site has a great future.”

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