Kwai Chung Wing Cheung Industrial Building low-floor demolition sale 850 000 admission
The demolition of industrial buildings has been popularized in recent years. In addition, the units are well-established and suitable for silver. They are sought after by investors and users, such as the newly-opened low-rise households of the Yongxiang Industrial Building in Kwai Chung, which will be divided into approximately 45 units and will be sold in the first phase. 10 units, priced from 850,000 yuan.
Sub-working studio rental return about 5%
Zhong Jinlun, Senior Sales Director of the Ministry of Industry and Commerce of Zhongyuan (Trade Shop), said that the sale of the property was at Room B, 4th Floor, Yong Xiang Industrial Building, 58-70 Kwai Chang Road, Kwai Chung. The name was FOCUS LOT@58, involving a total of 45 units. Studios and warehouses, 16 of which are studios with independent platforms, ranging from 107 to 278 square feet in size. Ten units were sold in the first stage, with an average selling price of about 7,000 yuan per square foot. It costs about 850,000 yuan. Based on the current average rental rate of about 30 yuan for industrial building studios and warehouses in the region, based on this average price, the project’s rental return is expected to reach a level of approximately 5 per cent.
Chen continued to point out that the items put for sale were stylishly designed, using noble wooden doors and floor tiles, displaying style, and each household has installed intelligent electronic door locks, independent air-conditioning, LED lights, etc., and it is fully equipped. In addition, both the lobby and interior corridors are 24-hour CCTV surveillance system with strict security. Although the property has been building for 43 years, the exterior wall of the whole building has been completely renovated and it is in full swing with the neighboring new industrial building. In addition, the building is equipped with 4 cargo lifts and 2 passenger elevators. As far as location is concerned, the project is close to MTR Kwai Hing Station and is only a few minutes walk away. At the same time, there are a number of minibuses and bus stops in the surrounding area. The transportation to and from Hong Kong and Kowloon is very convenient.
Project design fashion Electronic equipment
In addition, there is a strong commercial atmosphere around, such as the proximity to the Kowloon Trade Center, the trading capital, etc., all of which are investment hot spots for investors. The project is a small-size industrial building with flexible intervals, suitable for all walks of life. It is rare for the market. The attractive rental return is expected to attract users and investors.
According to statistics, the site was purchased in 2017 for RMB 28.24 million. The unit area is about 8,000 square feet and the average price is about RMB 3,530. In fact, the building has only recorded one transaction since the beginning of this year. It is a mid-level A room with an area of about 8,000 square feet. The discount price is about 4,335 yuan and the transaction price is about 34.68 million yuan. As for the turnover of industrial buildings in the district, there are not many transactions below an area of less than 200 square feet, but the prices are very substantial. For example, the mid-level units of Block B of Yee Fung Industrial Building, with a total area of 170 square feet, were sold during the year. About 1.16 million yuan, the price was 6,824 yuan. In addition, the first phase of the Huafeng Industrial Center was about 126 square feet, with a transaction price of about 880,000 yuan and a price of about 6,984 yuan, reflecting the market’s low threshold. There is a certain need for the unit.