Buildings at gillies avenue south in hung hum for auction under land (compulsory sale for redevelopment) ordinance
HONG KONG, 22 December 2020 – JLL has been appointed as auctioneer for the public auction of the buildings at No.2, 4, 6, 8, 10, 12, 14, 16,18, 20, 22 and 24 Gillies Avenue South, Hung Hom, pursuant to an Order for Sale made by the Lands Tribunal under.
The public auction will be held at 3pm on January 13, 2021 (Wednesday). The reserve price of the property is HK$2.045 billion.
The 12 buildings at Nos. 2-24 Gillies Avenue South was built in 1956. They constitute a terrace of 6 pairs of 7-storey buildings each pair sharing two common staircases. The ground floor units of the buildings are for retails shops and rear portion for domestic use. The mezzanine floor are office use and first floor to fifth floor are residential flats.
The 20,400-sq-ft site is zoned as “Residential (A)4” under Approved Hung Hom Outline Zoning Plan No. S/K9/26.
The property is being sold partly with vacant possession and partly subject to existing lettings and tenancies (if any) and on an “as is” basis.
The public auction will be held at JLL office, 7/F One Taikoo Place, 979 King’s Road, Quarry Bay, Hong Kong.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of over 92,000 as of September 30, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com。