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News from Knight Frank Hong Kong

Knight Frank appointed as the sole agent for the whole upper ground floor of True Light Building in Sai Ying Pun

25 October 2017

Knight Frank, a global property consultancy firm, has been appointed as the Sole Agent for the sale of the whole upper ground floor of True Light Building, Nos.100-106 Third Street, Sai Ying Pun (“the Property”), through a public tender. The tender closing date will be on Wednesday, 6 December 2017 at 3pm.

This Property represents the gross area of approximately 10,200 sq ft (not verified) with a conspicuous and wide exposure to Third Street. The large floor plate, and the rectangular and practical layout provides a very high of degree of flexibility for the occupier or even investors who always look for innovative ideas for the asset enhancement. The Property is easily accessible with about 5-minute walking distance to Sai Ying Pun MTR station. The property is to be sold with the tenancies. The existing tenants are celebrated hangout spot for hipsters and foodies alike.
Sai Ying Pun has been under the spotlight for the past several years. The district is now highly concentrated with lots of exquisite restaurants where patrons and diners seek behind meanwhile consortiums have been making every effort to consolidate their portfolio there and to enhance its value.