Capital Plaza abandoned land rent shop Ramen shop flat 3.6%

Capital Plaza abandoned land rent shop Ramen shop flat 3.6%

At the end of 2012, the retail market was at a high level for the sale and sale of the Capital Plaza in the base of the Baile Hotel in Tsim Sha Tsui. In recent years, the rent has fallen sharply. The shop has been seriously emptied. Among them, there are shops waiting for more than two years, which was last month in the middle of last year. Ten thousand yuan was rented out, but the tenant abandoned the rent only for half a year. The latest rent was re-leased at 270,000 yuan, and the rent fell by about 3.6%.

It is understood that Shops 6-8 and 22, G/F, Capital Square, 61-65 Chatham Road South, Tsim Sha Tsui, with a gross floor area of ​​3037 sq ft, are situated on Chatham Road South and Cameron Road. They were originally operated by a chain of sushi restaurants since 2010. For rent, the monthly rent will be about 250,000 yuan at the end of the 2016 lease. Since the tenant decided not to renew the lease, it was withdrawn in February 2016.

The shop has been renting since then, and the monthly rent price has been lowered from the initial 500,000 yuan, but the owner has been unable to rent it for more than two years. Until June last year, I finally got a snack shop to rent for 280,000 yuan, rented 92 yuan, signed for 3 years, and rented out for the first time in 28 months.

Dim sum shop only rents for 4 months and evacuates

It is reported that the snack shop was rented for the first time and then officially opened for two months. However, the tenant suddenly decided to withdraw at the end of December last year, that is, the shop was retired only after 4 months of operation, and even the decoration was not demolished. Just leave. However, the shop was immediately rented by a Lanzhou Ramen shop for 270,000 yuan per month, and the rent was 89 yuan, which was 10,000 yuan or about 3.6% lower than the rent of the former tenants eight months ago.

In 2012, the owner invested 390 million yuan to purchase the underground shops 6 to 9 and 22. According to the documents at the time of sale, the total monthly rent of the whole group of shops was 720,000 yuan, and the return could exceed 2.2%. However, Shop 9 is now rented to the fashion store for $95,000 a month. Together with the latest leased ramen shop, the monthly rent is $365,000 and the total return is only 1.1%.

At present, there are at least 4 JI shops on the ground floor of Capital Plaza, among which shops are 17A and 17B. The building area is 1930 square meters. The original cosmetics store rented 480,000 yuan per month and rented 249 yuan. However, the tenants will not be rented after the end of 2017. Renewed rent, has been rented for more than one year. At present, the shop is rented at RMB 350,000, and the rent is down by RMB 130,000 or 27% compared with the previous tenants. The landlord also considered renting two shops separately, and the monthly rent price was 180,000 yuan.