Commercial sale in the prime location of Causeway Bay
Russell Street in Causeway Bay has once again been selected as the most expensive commercial street in the world, reflecting the potential for strong appreciation of retail rents. Recently, the 18th and 19th floors of King’s Watch & Jewellery Centre, 8 Russell Street, Causeway Bay, were leased for sale. The floor area of each floor is about 4,718 square feet. The intended selling price is about HK$120 million per floor. The price is about HK$25,000.
The property is designed with few columns and is practically spaced and has a 3.5-meter high floor. The building also has four passenger lifts for users to get on and off. The property is a Ginza-style commercial building, which is a collection of diversified shops and is popular among catering and beauty customers. The 18th and 19th floors of the building are sold in the form of a tenancy agreement. They are now leased by property agents and beauty companies. The commercial building is located in the core area of Causeway Bay. It is opposite the landmark Times Square in the area. It is also adjacent to many large shopping malls and official flagship stores of smart phones.
The property is well-connected, with trams, minibuses and taxi stands nearby. It takes only 2 minutes to walk to the MTR Causeway Bay Station and enjoy a well-established transportation network. Due to its superior geographical location, the above-mentioned selling is a combination of commerce and people, and it is believed that it can be absorbed by the market in a short time.