Kowloon Bay Cargo Centre for sale

Kowloon Bay Cargo Centre for sale

The Government has restarted the policy of revitalizing industrial buildings in recent months. Together with the “Starting Kowloon East” project, the Dongjiu Business District has a deep potential for development. Recently, the unit C storage unit and four truck spaces in the basement of Sanxiang Kowloon Bay Cargo Centre, 59 Tai Yip Street, Kowloon Bay, have been leased for sale. The total area is about 22233 square feet. The owner’s intention price is about HK$111 million. The average price is only about HK$5,000.

The property is now leased by an international car brand with a rental return rate of about 3.1%, which is an ideal level. The release plate belongs to the car to the floor, plus the sale of 4 truck spaces, convenient for logistics and transportation. The property has a high floor and a good location. It is only about 7 to 8 minutes walk from the MTR Kowloon Bay Station. It is close to MegaBox and Telford Plaza. There are many people’s livelihood facilities such as restaurants and banks.

The development of the Kowloon Bay Area is mature. The new commercial building project, which is jointly developed by Yijing, Xinjian and Capital Strategy, is just across the street from No. 38, Weiye Street, and there are many new commercial buildings in the vicinity. The commercial atmosphere is getting stronger. With the large-scale redevelopment projects in the centre of Kwun Tong being carried out in full swing, and the increasing number of multinational companies entering the Kowloon East area, the area is expected to be renewed. It is expected that the value of the above properties will also rise.