Sold item #5646, registered transaction price HK$6.3 million, rated 5.5. Shop 6A, G/F, On Wo Building, On Wo Garden, 54-70 Mei Kwong Street, Kowloon City. Gross floor area approximately 1000 sq ft, usable floor area approximately 744 sq ft, entrance width approximately 18 sq ft, depth approximately 40 sq ft. Tenant is Sky Motorbike Driving Centre. Building age 53 years.
The original owner purchased in March 2012 for HK$7 million, holding for 14 years, a 10.0% decrease. The latest contract signing date is July 6, 2026.
Rental Analysis: Based on the Rating and Valuation Department’s average shop rental yield of 4%, this shop’s monthly rental value is HK$21,000, representing its market value.
This type of shop has extremely quiet pedestrian and vehicular traffic. It’s mostly occupied by construction/parking facilities, with very low purchasing power. Its advantage lies in its large size and location on a small, one-sided alleyway. 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 Ownership). They need good prospects, high rental value, multiple options, and a reasonable price! Note: The rating is only a superficial assessment. The actual value of a 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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… 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 establishment of the fund in 2016, he has purchased 133 street-level shops in Hong Kong, totaling HK$2.224 billion. His life goal is to buy 1,000 street-level shops in Hong Kong.
www.edwinlee.com.hk
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