Sold item #5629, registered transaction price HK$28.28 million, rated 7/10. Shop D, Ground Floor, Southeast Building, 475-481 Hennessy Road, Causeway Bay. Gross floor area approximately 800 sq ft, usable floor area approximately 700 sq ft, entrance width approximately 12 sq ft, interior width approximately 15 sq ft, depth approximately 57 sq ft. The tenant is CODALAB accessory, with a rental period of HK$46,000 until July 2026. New lease details are unknown; the previous rental yield was only approximately 1.95%. The building is 61 years old.
The original owner purchased the property in August 1993 for HK$18 million, holding it for 32.8 years, representing a 57.1% increase. The latest lease signing date is June 17, 2026.
Rental Analysis: Based on the Rating and Valuation Department’s average 4% rental yield for shops, this shop’s monthly rental value is HK$94,267, representing its market value. The shop is near traffic lights and surrounded by jewelry stores, attracting foot traffic and selling large items. However, the rent is too low, making it difficult to sell. A market value renting for over HKD 100,000 per month wouldn’t be difficult.
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From 2025 to the first half of 2026, Sheng Hui successfully sold 24 street-level shops in Hong Kong, totaling HKD 396 million. The following 8 properties are now available for sale at reduced prices until July 2026:
The following properties offer high returns: up to 5%:
(1) Shops 1, 10, 11, 12 & 13, Princess Building, King’s Road, Fortress Hill – Miss Ice Room
Original Price: HKD 65 million Now Available: HKD 42 million 4.9% Return
(2) Ground Floor & Mezzanine, 20-24 Ma Sha Street, Sheung Wan – Reveri
Original Price: HKD 38 million Now Available: HKD 33.9 million 4.6% Return
(3) Ground Floor & Mezzanine, 108 Fa Yuen Street, Mong Kok – Yin Jin Dim Sum
Original Price: HKD 33 million Now Available: HKD 22.9 million 4.6% Return
(4) The Madhouse, 16 Dyeing Fong Street, Mong Kok
Original Price: HKD 28 million Now Available: HKD 20.8 million 4.6% return
(5) Shop No. 3 and mezzanine of Kam Fai Road, Yuen Long – Egg Waffle Snacks
HKD 11 million, now for sale HKD 9.1 million, 4.6% return
Other prime shops for sale:
(6) Shop No. 4, B/F, Kai Fung Building, 10 So Hang Street, Sheung Wan
HKD 21 million, now for sale HKD 17 million
(7) Shop No. C, G/F, 111-121 Sai Yee Street, Mong Kok
HKD 28 million, now for sale HKD 22 million
(8) Shop M, Yun Tung Building, 65-75 Luther Road, Tsuen Wan
HKD 24 million Listing for sale at HK$20.4 million
Valid until July 30, 2026
Detailed listing plans and photos:
Contact me (Edwin Lee 90361143) or my colleagues:
Desmond Chan 9660 2253 / Vivian Lee 9311 9274 / Marc Kwok 6092 6444 (Head)
www.bwfund.com
Dr. Edwin Lee, Founder of BW Fund. Since the fund’s inception in 2016, he has purchased 133 street-front shops in Hong Kong, totaling HK$2.224 billion. His life goal is to buy 1,000 street-front shops in Hong Kong.
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