Tsim Sha Tsui Whole Building Listed at HK$93.68 Million
On.cc · 1 SOURCESabout 2 hours ago2 MIN
Summary
A whole building at 14A Cameron Road in Tsim Sha Tsui has been launched for sale through CBRE with an indicative price of HK$93.68 million. The property is a four-storey building, with the ground floor through the third floor all leased out, giving buyers immediate rental income. The site area is about 1,243 square feet and the total gross floor area is about 3,812 square feet. Marketed as a rare single-ownership asset in the district, the property is also being pitched for its redevelopment upside
Key Points
- The building at 14A Cameron Road was completed in late 1948, making it nearly 78 years old at the time of the sale launch
- CBRE is handling the sale, and the owner is seeking HK$93.68 million for the fully leased four-storey property
- The site covers about 1,243 square feet, while the building provides about 3,812 square feet of total floor area
- The lot is zoned “Commercial (6)”, with a maximum redevelopment plot ratio of about 12 times and a height limit of 130 metres above principal datum
- Adjacent 14B Cameron Road is also under single ownership, and a combined redevelopment site could reach about 2,484 square feet
Why It Matters
For investors, the offering combines existing rental cash flow with a possible redevelopment play in one of Hong Kong’s core commercial and tourism districts. The potential to assemble the neighboring site could materially expand project scale and design flexibility, which may be especially relevant to developers considering hotel, office, or Ginza-style commercial uses in Tsim Sha Tsui