_Knight Frank Appointed Sole Agent for Public Tender Sale of Prime Commercial Development Site

Knight Frank has been appointed as the sole agent for the sale by public tender of 222 Hennessy Road (Section E of Inland Lot No. 2802), a prime commercial development site (“the Site”) situated in the heart of Wan Chai. The Site will be sold on an "as-is" basis with vacant possession. The tender closing date is Monday, 30 March 2026 at 12:00 noon.

Strategic Location with Exceptional Connectivity

The Site boasts a superior location in the core of Wan Chai, a district known for its high foot traffic and a vibrant commercial atmosphere. It is situated in close proximity to major landmarks, including Central Plaza, Sun Hung Kai Centre, and the Hong Kong Convention and Exhibition Centre. The transportation network is highly efficient; the Site is just a 3-minute walk from Wan Chai MTR Station and a 10-minute walk from MTR Exhibition Centre Station, providing seamless access to Hong Kong's major central business districts.

Site Specifications and Development Potential

The Site spans approximately 1,058.96 sq ft and is zoned for "Commercial" use, offering high development flexibility. It is classified as a “Class A” site. The land is held under 99 years lease, commencing from 1929, renewable for a further 99 years. Lease restrictions are relatively lenient, containing only standard non-offensive trade clauses, making this a rare development opportunity in one of Hong Kong's core business zones.

Sanford Yeung, Director of Capital Markets at Knight Frank Hong Kong, said, "222 Hennessy Road has been held by the current owner for many years and is a rare small-scale commercial development site to come onto the market in central Wan Chai.  It offers immense potential, whether developed independently into retail stores, F&B outlets, or integrated through the acquisition of adjacent properties to develop a Grade-A office building, Ginza-style commercial tower, or hotel."

Property number: HKCM1748