Pavement shop in Mongkok Center 40% rent reduction
Rents for core zone shops continued to be adjusted. The trendy shopping center in Mong Kok, a ground floor for Sai Yeung Choi South Street, was rented at $ 160,000. The rent plummeted by nearly 40% and returned to the level of 9 years ago.
It is understood that Shops G16 and G17, G / F, 688 Nathan Road, Mong Kok, have a total gross floor area of 436 square feet and are located next to the entrance to the center of Mong Kok. It was rented by Beijing Tong Ren Tang at a monthly rent of $ 160,000 and leased at $ 367 per square foot.
According to the statistics, the two shops on the site were originally rented out for rent. In 2009, the monthly rent was 160,000 yuan. Later, in 2013, it was chartered by Gordon Pharmaceutical Square and the monthly rent increased sharply to 230,000 yuan. In 2015, it was further raised To 264,500 yuan. However, the drugstore moved out after the expiry of last September. The shop was briefly left empty. It was short-leased to mobile phone accessories stores and eventually leased by 104,500 yuan or 39.5% over the old rent, similar to the rental level in 2009.
Kwun Tong Fu Yan Street shop 6500 sell
In addition, trading in bunk shops continued to be active. There will be a sale of new flats in the area near Yue Man Square in Kwun Tong during the year. Investors took the lead in buying nearby ground floor shops. According to market sources, Shop No. 3, G / F, Fu Shing House, 10-24 Fu Jen Street, Kwun Tong, with a gross floor area of 1008 square feet, was converted into a corporate transfer form for about $ 65 million at a price of over $ 64,000. Shop for the current tenants for the convenience store, monthly 144,000 yuan, a return of about 2.7%.
The original owner purchased 54.68 million yuan in 2013, holding goods for less than 5 years and carrying a profit of 10.32 million yuan, an appreciation of 18.9%. It is learned that the new buyers to 80 million to the sale of shops, purchase price substantially increased 15 million yuan or 23%.