Sold item #5610, rumored to have sold for HK$6.8 million. Rated 6/10. Shop A, Ground Floor, Fung Yu Building, 47-53 Kowloon City Road, To Kwa Wan. Gross floor area approximately 471 sq ft (plus a yard of approximately 135 sq ft), usable floor area approximately 400 sq ft. Door width approximately 10 sq ft, depth approximately 65 sq ft. Tenant: Pioneer Tires (owner-occupied). Building age 44 years.
The original owner purchased in November 2000 for HK$2.3 million, holding for 26 years, representing a 195.7% increase. The latest lease signing date is June 2026.
This shop faces Kowloon City Road, near the Sheung Heung Road market. Good foot traffic and local consumer activity. Owner-occupied, it should be easy to rent out for HK$20,000-30,000 in the future.
Rating criteria: 5 points for market value, 10 points for a great deal, 1 point for caution. High-scoring shops are all about P-R-O (Prospect, Rental Value, Options), and a good price! Note: Scores are just a superficial indicator. The actual value of a shop is greatly influenced by factors such as utilities (fire, water, electricity, gas), lease details, title integrity, and potential additions. Scores are for general reference only.
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From 2025 to the first half of 2026, The Grand Hong Kong has successfully sold 24 street-level shops in Hong Kong, totaling HK$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 20.4 million.
Valid until July 30, 2026.
Detailed listing plan and photos:
Contact me (Lee Gen 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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