Leading diversified professional services and investment management company Colliers (NASDAQ and TSX: CIGI) is pleased to announce it has been appointed by the owner as a sole agent to sell Shop A on the lower ground floor of Ho Lee Commercial Building, Nos. 38, 42 and 44 D'Aguilar Street, Central, Hong Kong.

The shop for sale is located right on the lower ground floor of Ho Lee Commercial Building in Lan Kwai Fong, Central, which is currently occupied by a famous bar. The gross floor area is approximately 3,228 sq. ft., and the saleable area is approximately 2,820 sq. ft..

Cynthia H Ng, Head of Retail Services commented: ” Over the past few years, businesses have inevitably been impacted by the pandemic and global economic downturn, and had experienced a decline. However, amid the regain of the tourism industry and stronger local consumption, high street rents have positively increased by 2.2% QoQ in the fourth quarter of last year, representing a surge of 7.5% YoY.  Amongst all, ath-leisure apparel, fitness, cosmeceutical, F&B and entertainment are the key expanding trades.”

A number of significant transactions have also been recorded in the retail investment market, including: the G/F property at Nos. 84-86 Des Voeux Road Central, which was sold for HK$370 million last year, and shops 1 and 1A on the G/F of Tak Woo House, Nos. 17-19 D'Aguilar Street on the same street, which were sold for HK$183 million, reflecting the gradual restoration of faith among retail property investments.

Lan Kwai Fong in Central has long been recognised as a world-famous entertainment and nighlife hotspot. Nestled in the heart of Lan Kwai Fong on D'Aguilar Street, the property boasts an excellent location, with only a 5-minute walk from the Central MTR Station. It offers a rich mix of commercial, leisure and entertainment elements, including restaurants, retail stores, hotels and commercial buildings. The property has been operated by an internationally renowned bar for many years, which not only provides catering services but is also infused with band music and European garden exterior design, making it a must-try for both local residents and overseas tourists.

The property is listed on the market for the first time and is extremely rare in the market. Additionally, the property is being sold on a leaseback basis, guaranteeing attractive rental returns said the selling agent. This unique combination is bound to capture the attention of many investors or multinational institutions for investment purposes.”

If you would like to know more about this investment opportunity, you can contact the selling agent, Colliers Ms. Cynthia H Ng via the below contact details. 

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