The Property has a site area of approx. 8,107 sq ft and is approved for developing a commercial building. It has a high redevelopment potential with the maximum redevelopment GFA of 97,284 sq ft approx.
The Property is prestigiously located at the heart of Tsim Sha Tsui, developments in the vicinity are mainly Grade-A office buildings and shopping malls such as One Peking, Harbour City, iSQUARE, The One, K11 and H Zentre, which is the first development in Hong Kong that puts wellness and health in its forefront. Numerous tourist spots and hotels including 1881 Heritage, The Peninsula Hong Kong, Rosewood Hong Kong (Victoria Dockside), InterContinental Hong Kong, The Mira Hong Kong and Hong Kong Cultural Centre are also within walking distance. In addition, the Property is benefited from its superb transportation network, 5 minutes’ walk to Tsim Sha Tsui MTR station, while West Kowloon High Speed Rail Station and Tsim Sha Tsui Ferry Terminal are also in close proximity. Bus and minibus routes are amply available along Nathan Road and Kowloon Park Drive.
It is a rare opportunity for developers, investors and /or users to acquire such a prestigious commercial redevelopment site (with high redevelopment potential) within Tsim Sha Tsui.