Sold item #5609, rumored to be HK$12 million. Rated 7/10. Located at 131 Shanghai Street, G/F, Lian Guang Optical Shop. 17 ft wide x 34 ft deep (including atrium), with an internal usable area of approximately 480 sq ft and a gross floor area of approximately 700 sq ft. Current rent: HK$42,000. Lease term: 01/09/2026 – 31/08/2027 (renewable until 31/08/2028). Building age: 62 years.
The original owner purchased in July 1990 for HK$2.1 million, holding the property for 36 years, representing a 471.4% increase. The latest lease signing date is June 2026.
Rental Analysis: Based on the Rating and Valuation Department’s average shop rental yield of 3.8%, this shop’s monthly rental value is HK$38,000, representing its market value.
This section of Shanghai Street is close to Nanjing Street and Jordan Road, with foot traffic but relatively weak purchasing power. The market situation is somewhat complex. Its strength lies in its spaciousness and the fact that the tenant has been operating it for many years. A bakery next door, of similar size, sold for 23.8 million in 2021.
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, title integrity, and potential additions. The rating is for general reference only.
…
…
…
To learn more about the commercial property market, join our community (identity confidential), link below:
… …
From 2025 to the first half of 2026, The Grand Central has successfully sold 24 street-front 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
Add comment