Sold item #5579, registered transaction price HK$34.5 million, rated 8.5 out of 10. Ground floor shop at 117 Des Voeux Road Central, Central. Gross floor area 1500 sq ft, usable floor area 1100 sq ft, entrance width approximately 15 ft, depth approximately 70 ft. The current tenant is China Mobile Telecom. The rent in 2007 was HK$135,000, current rent unknown.
The original owner purchased the property in 1971 for HK$1.7 million, and it has been internally transferred several times, holding it for 55 years, resulting in a 19.3-fold increase in value. The latest contract signing date is May 14, 2026.
Rental Analysis: Based on the Rating and Valuation Department’s average shop rental yield of 3.9%, this shop has a monthly rental value of HK$112,000.
This shop is a rare large shop for sale on Des Voeux Road Central, Central. The tenant has been operating it for over 20 years, with stable rental income. High foot and vehicle traffic, excellent advertising location. Very happy to see it.
Rating Criteria: 5 points for market value, 10 points for excellent value, 1 point for caution. High-scoring shops require P-R-O (Prospect, Rental Value, Options, and Affordable Price)! Note: The rating is only a superficial assessment. The actual value of the shop is greatly influenced by factors such as utilities (fire, water, electricity, gas), lease details, ownership integrity, and potential additions. The rating is for general reference only.
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For information on Lee Ken Hing’s private shops, join the link:
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Updating information on shops for sale in Sheng Hui in June 2026:
The following properties offer high returns:
(1) Shops 1, 10, 11, 12 & 13, Princess Building, King’s Road, Fortress Hill – Miss Ice Room
HKD 65 million, now HKD 42.5 million, 4.8% return
(2) Shop A, Ocean City Mansion, Electric Road, Tin Hau – New Seven Seas Project
HKD 33 million, now HKD 24 million, 4.6% return
(3) Ground Floor & Mezzanine, 20-24 Ma Sha Street, Sheung Wan – Reveri
HKD 38 million, now HKD 33.9 million, 4.6% return
(4) Ground Floor & Mezzanine, 108 Fa Yuen Street, Mong Kok – Yin Jin Dim Sum
HKD 33 million, now HKD 22.9 million 4.6% return
(5) 16 Dyeing Fong Street, Mong Kok – The Madhouse
28 million HKD Now for sale 20.8 million HKD 4.6% return
(6) Shop 3 & mezzanine, Kam Fai Road, Yuen Long – Egg Waffle Snacks
11 million HKD Now for sale 9.1 million HKD 4.6% return
Other prime shops for sale:
(7) Shop D, G/F, Po Ming Building, 96-106 Percival Street, Causeway Bay
38 million HKD Now for sale 35 million HKD
(8) Shop G/F & stairwell, 153 Sai Yee Street, Mong Kok
45 million HKD Now for sale 35 million HKD
(9) Shop 4, B/F, Kai Fung Building, 10 Soi Hang Street, Sheung Wan
21 million HKD Now for sale 17 million HKD
(10) Shop C, G/F, 111-121 Sai Yee Street, Mong Kok
28 million HKD For Sale: HKD 22 million
(11) Shop M, Yun Tung House, 65-75 Luther Road, Tsuen Wan
HKD 24 million
For Sale: HKD 20.4 million
Valid until June 30, 2026
Detailed plans and photos:
Contact me (Lee Kin Hing 90361143) or my colleagues:
Desmond Chan 9660 2253 / Vivian Lee 9311 9274 / Marc Kwok 6092 6444 (Head)
www.bwfund.com
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