Sold item #5591, recently registered for HK$20.5 million, rated 6.5 out of 10. Located at 677 Shanghai Street, Mong Kok, ground floor with mezzanine. The ground floor shop has a gross floor area of approximately 1200 sq ft and a usable floor area of approximately 900 sq ft. The entrance is approximately 16 ft wide and 58 ft deep. The tenant is Wo Fu Doors, and the building is 60 years old.
The original owner purchased the property in April 2001 for HK$9.82 million, holding it for 25 years, representing a 108.8% increase. The latest lease agreement is due on June 10, 2026.
Rental Analysis: Based on the Rating and Valuation Department’s average shop rental yield of 3.9%, this shop’s market value is HK$66,625 per month.
There is parking in front of the shop, but parking is not allowed, making it ideal for loading and unloading. It has a wide frontage, is large, and includes a mezzanine. The location is relatively quiet, with many adult walkways nearby, but it’s okay for building materials businesses!
Rating criteria: 5 points for market value, 10 points for excellent value, 1 point for caution. High-scoring shops need P-R-O (Property, Rent, and Occupation) – good prospects, good rental value, many options, and a reasonable price! Note: The rating is only a superficial impression. 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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Updating information on shops for sale in Sheng Hui in June 2026:
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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