Wan Chai Full-Floor Grade A Office Listed at HK$237.6M, PSF Only ~HK$13,000
On.cc · 1 SOURCESabout 5 hours ago2 MIN
Summary
A full-floor Grade A office space at 8th Floor, Gloriarty Building on Gloucester Road in Wan Chai has been listed for sale at approximately HK$237.6 million, translating to a competitive price per square foot of around HK$13,000. The property spans a total gross floor area of approximately 18,284 sq ft and is being sold with existing tenants in place. Centaline (Industrial & Commercial) highlights the rare opportunity of full-floor independent ownership in a prime location near the government headquarters and financial institutions.
Key Points
- Leung Mei-yi, Senior District Business Director of the Capital Markets Division at Centaline (Industrial & Commercial), revealed the 8th Floor of Gloriarty Building on Gloucester Road is listed for approximately HK$237.6 million, at around HK$13,000 per sq ft .
- The property has a total gross floor area of approximately 18,284 sq ft, sold in its current condition with existing tenancy; the floor is subdivided into multiple units, most already leased with one unit still available for lease .
- Full-floor independent ownership allows new buyers to use the entire space for their own business needs or partially lease it out, offering both capital appreciation potential and stable long-term rental returns .
- Wan Chai is a mature commercial and residential district on Hong Kong Island, adjacent to the government headquarters, financial institutions, and international corporations, making Grade A offices in the area highly sought after by users and investors .
- Gloriarty Building is a 28-storey structure with retail on ground floor, parking on 1st and 2nd floors, and offices from 3rd to 27th floors, equipped with 10 passenger elevators and 1 cargo elevator, plus dedicated parking spaces and loading zones .
Why It Matters
- With comparable Grade A offices in Wan Chai priced at HK$20,000 to HK$23,000 per sq ft, and similar properties in Central, Admiralty, and Sheung Wan ranging from HK$15,000 to HK$24,051 per sq ft, this listing represents a notably competitive entry point in the market .
- Full-floor independent ownership opportunities are extremely rare in Wan Chai's Grade A office market, making this listing particularly attractive for businesses seeking to establish a presence or investors looking for stable rental income in a prime Hong Kong commercial district .
- With comparable Grade A offices in Wan Chai priced at HK$20,000 to HK$23,000 per sq ft, and similar properties in Central, Admiralty, and Sheung Wan ranging from HK$15,000 to HK$24,051 per sq ft, this listing represents a notably competitive entry point in the market .
- Full-floor independent ownership opportunities are extremely rare in Wan Chai's Grade A office market, making this listing particularly attractive for businesses seeking to establish a presence or investors looking for stable rental income in a prime Hong Kong commercial district .