2,057,000 pharmacies to rent Café Street Jumbo
The retail and travel markets are picking up again. Pharmacies that have always dominated the free-riding market also resumed their expansion and saw huge rental transactions. Market news pointed out that a shop of about 6700 square feet at the junction of Nelson Street and Tung Choi Street in Mong Kok was rented by a pharmacy at $ 2,075,000. Although the rent was 31% lower than that of Bonjour (00653), it was the largest ever Leased floor shop case.
It is understood that Nelson Street 6F to 6G and Tung Choi Street 40 to 50 ground floor shop, a total construction area of 6,700 square feet, just Lung Fung pre-leased pharmacies, up to 2,075,000 yuan per month, leased 310 yuan, leasing Up to 6 years. The shop is located next to “Ladies’ Market” in the tourist area and is also close to “Bobet Street”.
Material for medicine has always been the largest lease
Statistics show that the above-mentioned shops have been rented by Zhuo Yue, a chain cosmetics store since 2011, with monthly rent as high as 2.6 million yuan and leased to 3 million yuan for renewal three years ago. It is reported that the lease period to March this year, the owners offer 2.5 million, but Bonjour decided not to renew. The final shop to 2.075 million yuan leased to Long Feng pharmacy, lower than the old rent 925,000 yuan, also more than 20% over 2011 levels.
Although the site is a substantial reduction of rent cases, it is expected to become the largest rental transaction in the pharmacies since pharmacies generally only have to pay between $ 500,000 and $ 800,000 per month. Looking up information, the most expensive pharmacy in recent years was Shop No. 2, G / F, Chung King Mansion, Tsim Sha Tsui. In 2014, the monthly rent was as high as $ 1.05 million. However, it has only been operating for one year because of the reversal of market conditions.
In fact, no rebound has been seen in the recent patronage but pharmacies have been renting shops in Mong Kok frequently. Located at Shop F, G / F, Youcheng Commercial Center, 51 Sai Yeung Choi South Street, with a gross floor area of 800 square feet, the pharmacy is rented at 450,000 yuan, leased at 563 yuan per square foot and 200,000 yuan or 30.8% lower than the previous rent. West Wing Shop No. 15B Nelson Street, with a gross floor area of 400 square feet. The pharmacy is rented at $ 290,000. The rent is $ 725 per sq ft, 17% lower than the old rent.