Savills News

Savills Appointed as Sole Agent for the Disposal of Workshop A on G/F, Wang Kwong Industrial Building

Hong Kong – 06 May 2019 Prominent real estate advisor Savills (Hong Kong) Limited is appointed as Sole Agent for the disposal of Workshop A on G/F, Wang Kwong Industrial Building, No. 45 Hung To Road, Kwun Tong (Property Ref: IND20190101S). The property will be sold by private treaty, and the indicative price is HK$120 million.

Hong Kong – 06 May 2019 Prominent real estate advisor Savills (Hong Kong) Limited is appointed as Sole Agent for the disposal of Workshop A on G/F, Wang Kwong Industrial Building, No. 45 Hung To Road, Kwun Tong (Property Ref: IND20190101S). The property will be sold by private treaty, and the indicative price is HK$120 million.

The gross area of Ground Floor is approx. 9,602 sq.ft with an approved Mezzanine Floor of approx. 2,045 sq,ft, giving a total area about 11,647 sq.ft (subject to verification). The average unit price is slightly above HK$10,000 per sq.ft. The Ground Floor workshop and Mezzanine Floor store are both equipped with approved toilets.

Strategically located in the core CBD2, Wang Kwong Industrial Building is readily accessible to Kwun Tong MTR Station in 9 minutes’ walk; it is also adjacent to Kwun Tong Bypass and Kwun Tong Promenade.

Mr. James Siu, Deputy Managing Director & Head of Kowloon Industrial, commented: “The subject property, with its excellent location and convenient transportation, enjoys high pedestrian flow throughout the day. The property faces two streets, namely Hung To Road and Tsun Yip Street Playground Pavement, which brings extra investment potential to the property. As the Government is supporting ‘Energizing Kowloon East’, the fast-evolving district will be home to more commercial projects and therefore deserves investors’ attention.”

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