Nathan center giant shop cut pieces of rental
Nearly two-thousand-plus-kilowatt-long underground, three blocks underground, at Nathan Center, Mongkok, held by veteran investor Siu On Lee Tai, has recently been rented out to “chopped pieces" A more than 1900 square feet shop, monthly rental of 400,000 yuan to the watch shop.
Shop G1 to G2 and G13, Ground Floor, Nathan Center, 580G to 580K Nathan Road, with a gross floor area of 2565 square feet. In 2014, Hi-Chau Clocks were leased for $ 1.05 million per month. However, Month early retreat in the year and a half, has been short-term lease to the bulk market, mainly for mobile phone accessories sale, monthly rent 250,000 to 330,000 yuan.
Watch shop 400,000 lease 208 yuan per foot
The owners tended to rent out the entire shop. The asking price was gradually reduced from $ 1 million two years ago to $ 680,000, a decrease of 32% but failed to be fully leased. The shop was subsequently divided into two sections, including G1 And G13, with a gross floor area of 1925 square feet and a G2 floor of 640 square feet.
Sources pointed out that the G1 and G13 shop just rented 400,000 yuan per month, rent 208 yuan per square foot, lower than the asking price. As for Shop G2, the current rent is $ 300,000 per month. If the rent is finally claimed, plus the newly rented G1 and G13 shops, a total of about $ 700,000 per month will be charged, a decrease of more than 30% from 2014.