Building at 22, 22A and 24 Whampoa Street in Hung Hom for Public Auction under Land (Compulsory Sale for Redevelopment) Ordinance
HONG KONG, 24 February 2021 – JLL today announced it has been appointed as the auctioneer for the sale of the building at Nos. 22, 22A and 24 Whampoa Street and Nos. 88, 90 and 90A Baker Street in Hung Hom 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 18 March 2021 (Thursday) and the property has a reserve price of HKD 482 million.
The eight-storey building was built in 1957. There are five retail shops and one store house on the ground floor and first floor to seventh floor for domestic use served by two common staircases.
The site is zoned as “Residential (Group A)4” under the Approved Hung Hom (KPA 9) Outline Zoning Plan No. S/K9/26. It has a site area of 4,675 sq ft.
The property will be 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 $16.6 billion, operations in over 80 countries and a global workforce of more than 91,000 as of December 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.