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HONG KONG, 20 January 2016 - 1/F-9/F Wing Cheong Industrial Building, Cheong Sha Wan, Kowloon is now for sale by public tender. The landlord has appointed JLL to be the sole agent for the tender, which will be close on Wednesday, 3 February. The property provides a gross floor area of 44,400 square feet. The vendor is expecting an offer of more than HK$200 million.
It is a rare opportunity for investors to buy this kind of property in the area. Daniel Mok, associate director of Capital Markets at JLL, said the floor plates of the property size from 4,400 to 6,000 square feet. Most of the floors can be sold in vacant possession. The property has effective layout with high efficiency ratio, which is suitable for head office, workshop and warehouse. It could fit the need for investment and self-use.
Strategically located at 121 King Lam Street, the property commands excellent accessibility. It is only a 5-minute walk from Lai Chi Kok MTR Station. The property on sale consists of over 86% of the undivided shares of the building. We believe it will attract the interests from developers and investors for redevelopment.
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