Traffic at Tsim Sha Tsui MW Plaza
Tsim Sha Tsui’s Ginza-style commercial building is in great demand. It is located at MW Plaza in Kimberley Road. It has a convenient location and a high floor. It is suitable for specialty restaurants.
3-storey duplex unit with terrace
MW Plaza is located in Kimberley Road, Tsim Sha Tsui. The area is a traditional retail and food district. The first section is the mira shopping mall and hotel. The rear section is mostly concentrated in restaurants. There are also newly completed Ginza-style commercial buildings nearby, including the Observatory. Road No. 8, etc. In other words, lots of food and retail. In terms of traffic, it takes about 10 minutes to walk from the MTR station to the building. There is also a bus stop and a taxi stand near the building.
The property is 19-storey with a total floor area of approximately 30,000 sq. ft. The project was initially completed at the end of last year. The underground lobby still has a few renovation works. The entrance to the building is not very wide, and the owners still cherish their minds to decorate them. The overall outlook is good.
The property provides two lifts leading to each floor. With an area of about 1,600 square feet per floor, the owners intend to rent food and semi-retail properties. Due to the newly completed commercial building, the building has a high sense of space and is an advantage for the restaurant. In addition, the property provides three-storey duplex units located on the 3rd, 18th and 20th floors of the building, with open decks and built-in staircases.
In the landscape, the units look to the Victoria Harbour, and on the other side to the building, they are quite open.
King opened half of the floor has been rented
It is understood that at the end of last year, the owners started to rent for the ground floor and the upper floors. The layered floors were about 1,600 to 2,300 square feet per floor, half of the retail floor had an intentional lease rate of about 42 yuan, and the dining floor had a tenancy of about $65 to 120. yuan.
It is reported that at present, half of the buildings have been rented out, and individual merchants have been stationed in restaurants and bars. Investigating the information, MW Plaza is held by Minghua Electronics and is the third commercial real estate project in Hong Kong. The Group acquired the site in early years and rebuilt it. Together with the land investment amount of about RMB 300 million, it is now holding the property as a long-term investment. .
The Group also owns a full-fledged commercial building in the same district, involving the 19th floor of Felipe Tower, Kimberly Street. The property is 19 storeys high. The site area of the project is approximately 1,335 square feet and the total floor area is approximately 18,200 square feet. The Group was in 2010. It was purchased for 98 million yuan a year, and the city pass project was previously bought by the consortium for 300 million yuan, and it was not sold.