Famous bag store HANNAH 100,000 rent Nathan Road shop
In recent years, core street shop rents have fallen back a lot, attracting some retailers to re-enter for expansion. A brand-name handbag store has just rented a floor plan for the Haidun Building in Nathan Road, Tsim Sha Tsui at a monthly rent of $1.1 million. The rental peak fell by 45%.
It is understood that the brand-name handbag store HANNAH has just pre-lought the 1st floor of Haiphong Building, 99-101 Nathan Road, Tsim Sha Tsui. The building area is about 2,096 square feet, the monthly rent is 1.1 million yuan, and the rent is about 525 yuan. The shop will be opened from May this year. Rent for 3 years.
The shop was originally rented by Jin Zhizun Jewelry since 2010. The initial monthly rent was 1.68 million yuan, and then it was rented to 2 million yuan in 2014. According to the information, the Gold Supreme lease expired two years ago. However, due to the sharp drop in rent and the inability to win tenants, Gold Supreme has been renewing the contract in the form of a short-term tenancy with a monthly rent of about $700,000. After about two years of “short-term rent", this year’s shop has a long-term lease, but it is $900,000 lower than the long-term rent in 2014, a drop of 45%. However, the shorter rent is $400,000 or about 57%.
69 million transactions in the whole floor of Chuanghui Plaza
The new tenant HANNAH used to have a shop in Hankou Road in the past. However, due to the increase in rents in 2012, it chose to sublease the upper floor of the 3rd to 4th floors of Haili Line, 35-37 Haiphong Road, the same area, with a total construction area of about 4,000. Fang Wei, the current monthly rent is about 250,000 yuan, and the rent is about 63 yuan. Due to the current downward adjustment of the floor rent, and the gradual recovery of the retail market, the land is re-hired.
For the sale and purchase transaction, the old building of No. 10 St. Francis Street, Wan Chai changed hands with 75 million yuan. The new buyer is Zhongjian Co., Ltd., which is expected to be an acquisition activity. It is reported that the property has a three-storey building with a building age of 68 years, a total construction area of about 2,100 square feet, and a price of about 35,714 yuan. According to the information, on the 3rd and 5th St. Francis Street opposite the upper site, the consortium has acquired all the titles to the end.
In addition, the senior investor Lin Zifeng dismantled the new industrial building at 43-45 Junye Street, Kwun Tong, and re-recorded the big deal. Huang Tong, the director of Midland Commercial Sales, said that some investors bought a total of 13 units on the 15th floor. The full-floor construction area was about 9462 square meters. The transaction price was 94 million yuan, and the price was about 9934 yuan. Buyers engage in China-Hong Kong trading business and purchase units for long-term investment.