The ground floor has a gross floor area of approximately 700 sq ft and a frontage of approximately 13 ft, and is currently leased to a supermarket. The mezzanine floor has a gross floor area of approximately 350 sq ft, while the first and second floors each have a saleable area of approximately 607 sq ft and are currently let for residential use. Both the first and second floors are divided into front and rear units, for which temporary certification for the subdivided units has been obtained. The portfolio combines neighbourhood retail premises with residential accommodation.

Located in the heart of Wuhu Street, Hung Hom, the Property is approximately a four-minute walk from Ho Man Tin MTR Station. It is close to The Hong Kong Polytechnic University and the newly completed large-scale mixed-use development, Baker Circle, serving both the district’s substantial residential population and university student community. Hung Hom’s extensive railway connections provide convenient access to Hong Kong’s major commercial districts, as well as easy interchange with cross-boundary transport, making the location highly attractive to both local and Mainland investors. In addition, the Government’s proposed Hung Hom harbourfront development includes a yacht club and approximately 200 yacht berths. Together with the surrounding residential, commercial and leisure amenities, the proposed development is expected to bring renewed vitality to the district and significantly enhance its long-term development potential.

Mr. Tommy Chan, Senior Director and Deputy Head of Investment & Sales at Savills Hong Kong said, “The Property is offered at an indicative asking price of HK$29.5 million. Combining income from street-level retail and residential accommodation, it presents a rare mixed-use property investment opportunity in Hung Hom. Entire tenement buildings and portfolios of units within such buildings in Kowloon have traditionally been in limited supply. In addition to its proximity to The Hong Kong Polytechnic University, the Property is directly opposite Hong Kong Metropolitan University’s first student residence, giving it considerable potential for conversion into high-yielding student accommodation or boutique accommodation for young people. Supported by a well-established neighbourhood and comprehensive everyday amenities, we expect the Property to attract strong interest from investors seeking long-term capital appreciation and stable returns.”