The retail consumer market has declined, and the value of shops has dropped significantly, attracting investors to take the opportunity to enter the market
Shenghui Retail Stores Fund Management bought the ground floor of the 14th Shili Street and the penthouse at about 20 million yuan yesterday.
The ground floor of No. 14 Hillier Street in Sheung Wan was connected to the attic and changed hands for $ 20 million. The rental yield was about 3.6%.
The fund’s chief executive officer, Li Genxing, said that the underground area of the upper site is about 650 square feet and the attic is about 400 square feet
It had been priced at 33 million yuan in early June this year. Sell. The original owner bought it for 11.88 million yuan in April 2008, and the book value of the 11-year holding has increased by 68%.
He revealed that earlier discussions with the original owner of the shop have been started, but the owner has repeatedly taken the position, the bid has reached the price, and it is not sold. However, with the social tension in recent months, or affecting the owners’ mentality, the shop was eventually successfully bought.
18 million upstairs in Mong Kok
Lee also pointed out that the shop is close to the MTR station and has a lot of people. It is a first-line shop and is currently rented by restaurants. The monthly rent is about 60,000 yuan and the return rate is about 3.6%.
Market conditions are not stable, and the upper floors in urban areas are also sold at low prices. Li Shiji, Commercial Department, Central Plains (Industrial and Commercial Shop), stated that the first floor with a platform at 227 to 229 Tung Choi Street in Mong Kok was sold for about 18 million yuan. If the single-floor area on the first floor is about 2,800 square feet, the price per square foot is only about 6,428 .
He pointed out that the property was sold with a lease. The current tenant is a tutoring agency, with a monthly lease of 45,600 yuan. The lease expires in 2021, and the current rental return is about 3%. It is understood that the tenant has rented the property for about six to seven years and is a long-term tenant.