Today’s registration: Transaction number 5601, rating 5.5, registered transaction price HK$10.5 million, Shop 33, G/F, Junyi Building (Phase 03) (Shopping Mall), 271-285 Des Voeux Road West, Sai Ying Pun / 158A Connaught Road West, approximately 1100 sq ft gross floor area, approximately 968 sq ft saleable floor area, approximately 22 sq ft wide and 45 sq ft deep entrance, registered transaction price HK$10.5 million, tenants are Heng Kin Kee / Grandview Property / Fuk To To Jade, building age 48 years.
The original owner purchased in July 2007 for HK$5.2 million, holding the property for 19 years, an increase of 101.9%. The latest contract signing date is May 28, 2026.
Rental Analysis: Based on the Rating and Valuation Department’s average shop rental yield of 3.9%, the monthly rental value of this shop is HK$34,125, which is the market value.
This shop is near West Side Street, facing the tramway, with pedestrian and vehicular traffic. It’s near the former West Bus Stop. There are three tenants, but this area has heavy traffic and relatively weak purchasing power.
Rating Criteria: 5 points for market value, 10 points for excellent value, 1 point for caution. High-rated 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.
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Shops for sale in Grandview, June 2026, updated information:
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) Ground floor & mezzanine, 20-24 Ma Sha Street, Sheung Wan – Reveri
HKD 38 million, now HKD 33.9 million, 4.6% return
(3) Ground floor & mezzanine, 108 Fa Yuen Street, Mong Kok – Yin Jin Dim Sum
HKD 33 million, now HKD 22.9 million, 4.6% return
(4) 16 Dyeing Fong Street, Mong Kok – The Madhouse
HKD 28 million, now 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 D, G/F, Po Ming Building, 96-106 Percival Street, Causeway Bay
HKD 38 million Now for sale HKD 35 million
(7) Shop G/F and stairwell of 153 Sai Yee Street, Mong Kok
HKD 45 million Now for sale HKD 35 million
(8) Shop B/F 4, Kai Fung Building, 10 Soi Hang Street, Sheung Wan
HKD 21 million Now for sale HKD 17 million
(9) Shop C, G/F, 111-121 Sai Yee Street, Mong Kok
HKD 28 million Now for sale HKD 22 million
(10) Shop M, Yun Tung Building, 65-75 Luther Road, Tsuen Wan
HKD 24 million Listing for sale at 20.4 million.
Valid until June 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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