Sold item #5620, registered today for HK$16.3 million, rated 6.5. Shop B, G/F, Po Fook Building, 312-322 Shau Kei Wan Road, Shau Kei Wan. Gross floor area approximately 1157 sq ft, saleable area approximately 902 sq ft, entrance width approximately 12 ft, depth approximately 60 ft. Tenant is Kwan Kee Congee Shop. Building age 41 years.
The original owner purchased in July 2009 for HK$13.88 million, holding for 17 years, representing a 17.4% increase. The latest lease signing date is June 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$54,333, representing its market value.
This shop is located between Nam Hong Street and San Shing Street on Shau Kei Wan Road. There are several bus stops in front, but it is not in a high-consumption area. The tenant has been operating this affordable eatery/porridge shop for many years; the business should be stable.
Rating Criteria: 5 points for market value, 10 points for excellent value, 1 point for caution. High-scoring shops require P-R-O (Property, Rent, and Occupation): good prospects, good rental value, multiple options, and a reasonable price! Note: The rating is only a superficial assessment. The actual value of the shop is greatly affected 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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From 2025 to the first half of 2026, The Grand Central has successfully sold 24 street 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 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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