CBRE has been appointed as the sole agent for the disposal of Hanford Commercial Centre, Nos. 221 B-E, Jordan – an en-bloc commercial building located in the golden retail and tourist area of core Nathan Road.

The property is located at the bustling section of Nathan Road, and the prime retail and tourist area of Yau Tsim Mong with a strong foot traffic . It is extremely rare to have an en-bloc building being listed for sale in this area as most of them are owned by well-established local families and developers who are looking for long term rental income and investment purposes. As such, landlords prefer holding the properties.

The total floor area of the property is 68,189 sq. ft. approx., with 16 storeys and typical floor plates ranging from 3,913 to 4,164 sq. ft. approx.. The property faces the busiest section of Nathan Road with wide retail shops frontage over 25 m approx.. on the ground floor, along with individual entrance staircase providing direct access to Basement and 1/F. There are multiple bus stops in front of the main entrance with bus lines traversing in between Hong Kong Island, Kowloon and the New Territories, therefore providing a constant flow of foot traffic. The bustling commercial vibe of the location has empowered Hanford Commercial Centre to have more diversified themes than other en–bloc buildings. Apart from using as corporate headquarters, the property could also be transformed into a Ginza-type commercial building, medical and beauty centres as well as education centres. Therefore the rental performance of the property had been better than other buildings within the area and current occupancy reaches 100%. Currently the tenant-mix of the building is mainly fashion related, however, due to the growing demand of medical tourism, there has been an influx of healthcare, medical and beauty service tenants taking up spaces in Hanford Commercial Centre.

In terms of connectivity, the property is located right next to Exit C1 of Jordan MTR Station and is well connected to different districts in Hong Kong Island, Kowloon and the New Territories. Furthermore, it only takes 5 minutes to walk to tourist hotspots such as Tsim Sha Tsui. The property is strategically placed in proximity to West Kowloon High-Speed Rail station, China Ferry Terminal, cross-boundary bus station and Hung Hom MTR station, providing easy access for businesses to travel between Hong Kong and mainland China. The condition of the property is well-maintained and considered as the ideal choice for various Hong Kong and PRC companies to set up their headquarters or for self-use purpose.

Arthur Yeung, Executive Director, Capital Markets CBRE Hong Kong, said, "With the growing demand for medical and beauty services from Hong Kong citizens and mainland tourists, rental prices for commercial properties in Tsim Sha Tsui have increased significantly and encouraged tenants to seek locations for business development in nearby areas. Jordan is currently experiencing a transition from being a traditional wholesale and retail leasing hub to medical centres and healthcare-related tenants. Hanford Commercial Centre’s prime location and convenient transportation have long been making itself as a go-to choice for tenants. The rental for upper floors in the subject property reached over HK$90 psf. during peak times while the occupancy currently stands at 100%. Along with the recovery of the local economy, the property owner is expected to enjoy a growing rental return. Besides, the plot ratio of the building is underutilized and there is an untapped potential for merging with adjoining lots with each under single ownership for future redevelopment. We expect the return of funds and capital from mainland China and the slowdown of interest rate hikes will benefit the real estate market, and the sale of Hanford Commercial Centre is a truly one-of-a-kind investment opportunity right now."