Ground floor of Jaffe Road, Causeway Bay, with an intention of 58 million
With the re-investment of large-scale brands in Causeway Bay, the Causeway Bay shop in the core consumption area is more popular. There is a shop in Jaffe Road. The lease is now available for sale at $58 million.
Next to the gooseneck bridge
Mr. Zhang Yinxi, the director of the Midland Wangpu Regional Business Office, is located at Shop 1, G/F, Huafei Commercial Building, 408-412 Jaffe Road, Causeway Bay. It is now on sale with a lease of about 1,363 square feet and an intentional price of about $58 million. The square bargain price is 42,553 yuan.
The site is wide and has a wide interval. It is now rented by the Karaoke Lounge. It is a long-term tenant. The rental return is stable and the property is in an excellent position. It is the focal point of the restaurant in Jaifei Road and the adjacent site of the Goose Neck Bridge. There are restaurants and nightclubs nearby, and the flow of people is booming day and night. It has been a hot spot for local and tourists. According to market transactions, Jaffe Road has rarely sold in recent years. It is newly built on the ground floor of No. 440, Jaffe Road. It covers an area of about 1,475 square feet. The lease is about $82 million. The price per square foot is about $55,593.
Mr Cheung continued to note that the retail market in Hong Kong continued to improve, with the trading of Wangpu City, especially in Causeway Bay. Since the rents had undergone major adjustments in the early years, large brands were attracted to return to the district to open giant shops, such as Causeway Bay. Shop No. 13 to 16 on the ground floor of the mall is connected to the first floor. It was rented by the fashion brand TWIST for about 1.1 million yuan. The internationally renowned brand Victoria’s Secret also rented a multi-storey shop near the Jinghua Center with a monthly rent of 7 million yuan. With the continuous sale of the rental market, the investment value of the shops in Causeway Bay has gradually recovered, and the core areas will continue to benefit.