International real estate firm Savills has been appointed as the sole agent for the sale of a portfolio of industrial units in Cheung Sha Wan. All units are offered for sale subject to existing tenancies and may be acquired either individually or as a portfolio. Located in the established industrial and commercial districts of Cheung Sha Wan and Lai Chi Kok, the properties are within a 2 to 4-minute walk from Lai Chi Kok MTR Station. The portfolio currently generates a total monthly rental income of approximately HKD 370,000, offering investors an attractive income-producing asset opportunity. The properties for sale comprise the following 3 units:
1. Unit A & B on 9/F Dragon Industrial Building, No.93 King Lam Street, Kowloon
Units A and B have gross areas of approximately 7,012 sq ft and 7,323 sq ft* respectively, with a floor-to-floor height of approximately 3.048 metres, offering spacious and efficient floor plates. The units are expected to generate a total monthly rental income of approximately HKD 200,000. Located in the core industrial and commercial district of Lai Chi Kok, the Property is close to landmark developments such as 83 King Lam Street and D2 Place, and is approximately a 4-minute walk from Lai Chi Kok MTR Station.
2. 5/F, New Timely Factory Building, No.497 Castle Peak Road, Kowloon
The Property has a total gross area of approximately 5,000 sq ft* and a floor-to-floor height of approximately 3.2 metres, featuring a regular and efficient layout. Currently leased to a business centre operator, it generates monthly rental income of approximately HKD 70,000, with the tenancy running until 2028, providing investors with stable medium-term income. The Property is situated on Castle Peak Road and is only about a 2-minute walk from Lai Chi Kok MTR Station, making it the closest asset in the portfolio to the station.
3. Workshop A, 3/F, Wui Wah Factory Building, No.41 Wing Hong Street and Nos.1035 & 1037 Yee Kuk West Street, Kowloon
The property has a total gross area of approximately 4,400 sq ft* and a floor-to-floor height of approximately 3.5 metres, providing generous vertical space. It is expected to generate monthly rental income of approximately HKD100,000. Located at the junction of Wing Hong Street and Yee Kuk West Street, the property is approximately a 4-minute walk from Lai Chi Kok MTR Station and stands to benefit from the ongoing transformation and growth of the district's industrial and business sector.
Mr. Jack Fung, Senior Associate Director, Investment at Savills Hong Kong said, “The portfolio is being offered with an indicative price of approximately HKD60 million, representing an attractive capital value. All 3 properties are located in the core industrial and commercial districts of Cheung Sha Wan and Lai Chi Kok, within close proximity to MTR stations. Together, they are expected to generate stable monthly rental income of approximately HKD370,000, translating into a gross yield of over 6%.
Offering a relatively accessible entry point, the portfolio combines stable cash flow with potential capital appreciation, making it well suited for long-term investment and asset allocation. We expect strong interest from family offices, investment funds, local investors and income-focused purchasers.”
*The information provided is for reference purposes only and has not been independently verified. Interested parties are advised to seek independent professional advice.