10 July 2012, Hong Kong – CBRE has been exclusively appointed by the owner as the sole agent to dispose of No. 18A Stanley Street in Central by way of “Expression of Interest” (“EOI”). The EOI will close on 31 October 2012 (Wednesday).
The property is a 5-storey composite building standing on a site area of around 879 sq. ft. The G/F and 1/F are presently leased as a boutique retail facility. The locality is a well-known shopping and dining destination and enjoys heavy pedestrian flow. A number of well-established restaurants are in close proximity including Luk Yu Tea House, Yung Kee Restaurant and Wong Chi Kei, which has recently moved to Stanley Street. The property is just a short stroll from the renowned Lan Kwai Fong and many shopping hotspots like The Landmark, Entertainment Building and the newly completed LHT Tower.
At present, there are three development sites along Stanley Street. These various upcoming commercial redevelopment projects will certainly modernise the entire street. Mr. Kenny Kwok, Senior Director of Investment Properties, CBRE, said, “En bloc properties in Central, especially in this very prime location, are rarely available for sale. In addition, the adjoining buildings are under single-ownership and therefore renders the subject property high redevelopment potential through amalgamation. It is expected that the sale price of the property will be in excess of HK$180 million.”
For sales details, please contact Mr. Kenny Kwok, Senior Director of Investment Properties, CBRE, at 2820 2959.
Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.
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CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.