Building at Nos. 93 and 95 Catchick Street for Auction under Land (Compulsory Sale for Redevelopment) Ordinance
HONG KONG, 8 February 2021 – JLL today announced it has been appointed as the auctioneer for the sale of a building at Nos. 93 and 95 Catchick Street in Kennedy Town by public auction pursuant to an Order for Sale made by the Lands Tribunal under the Land (Compulsory Sales for Redevelopment) Ordinance.
The public auction will be held at noon on 1 March 2021 (Monday) and the property has a reserve price of HKD190 million.
The six-storey building was built in 1962. Its ground floor units are retail shops and first floor to fifth floor for domestic use served by one common staircase.
The site is zoned as “Residential (Group A)” under Draft Kennedy Town & Mount Davis Outline Zoning Plan No. S/H1/20. It has a site area of 2,182.25 sq ft.
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 the 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 jll.com.