Wan Chai Lockhart Road Commercial Portfolio Tendered at HK$120 Million Valuation
AM730 · 1 SOURCES1 day ago2 MIN
Summary
International property consultancy Savills (Hong Kong) has been appointed by the owners and receivers as the sole agent to publicly tender a portfolio of commercial properties at Wei Tak Building, 414 and 418-430 Lockhart Road, Wan Chai. The portfolio includes Shop B1 and B2 portions on the ground floor, the entire first and second floors, and external walls from ground to second floor. With a total gross floor area of approximately 19,572 square feet, the properties are being sold on an as-is, vacant basis .
Key Points
- The tender deadline is noon on November 3, 2026, with Savills acting as the sole agent on behalf of the owners and receivers
- Each of the two upper floors measures approximately 9,286 square feet, while ground floor shops B1 and B2 span approximately 714 and 286 square feet respectively
- The shop frontage extends approximately 145 feet along Lockhart Road, offering exceptionally high visibility and exposure
- The property is located at the core commercial intersection of Wan Chai and Causeway Bay, with Causeway Bay MTR station just a 3-minute walk away
- Savills values the portfolio at approximately HK$120 million, describing it as a rare large-area shop and full-floor combination in a prime location
Why It Matters
The sale of this portfolio reflects continued market appetite for prime street-level commercial properties in Hong Kong's core business districts. Savills noted that the firm had previously successfully closed two comparable transactions on Lockhart Road, indicating that quality commercial and shop properties in prime locations remain highly sought after by investors and business operators alike .
The sale of this portfolio reflects continued market appetite for prime street-level commercial properties in Hong Kong's core business districts. Savills noted that the firm had previously successfully closed two comparable transactions on Lockhart Road, indicating that quality commercial and shop properties in prime locations remain highly sought after by investors and business operators alike .