Colliers Lists 194,893-Sq-Ft Northern Metropolis Site at Over HK$310M
On.cc · 1 SOURCESabout 2 hours ago4 MIN
Summary
Colliers has been appointed as the sole agent to sell a substantial industrial land package in the Northern Metropolis region of Hong Kong. The property, located at Bun Kee Godown on Kam Biu Road West in Tai Tong Wai, Yuen Long, comprises two connected lots with a combined area of approximately 194,893 square feet. The owner is seeking over HK$310 million, translating to an asking price of about HK$1,600 per square foot. The site is being offered for sale with the existing tenancy in place, providing investors with immediate rental returns.
Key Points
- The property sits at 彬記貨倉 on Kam Biu Road West in Tai Tong Wai, Yuen Long, with a total area of 194,893 sq ft
- Asking price exceeds HK$310 million at approximately HK$1,600 per sq ft; monthly rent income stands at HK$1.58 million
- Current lease runs until end of October 2027, delivering a rental yield of approximately 6%
- Lands Department has issued short-term waiver for construction machinery, materials storage and ancillary uses
- Property includes short-term lease rights for Section N Extension of Section 3719, enhancing practical utility
Why It Matters
This sale represents a rare opportunity to acquire a large, strategically positioned industrial site in Hong Kong's Northern Metropolis, a key development zone bordering cross-border checkpoints. The combination of stable rental income, potential for mixed-use development under the waiver, and proximity to major transport links and border crossings is likely to attract interest from local developers, family offices, and cross-border investors seeking exposure to the Northern Metropolis growth story .
This sale represents a rare opportunity to acquire a large, strategically positioned industrial site in Hong Kong's Northern Metropolis, a key development zone bordering cross-border checkpoints. The combination of stable rental income, potential for mixed-use development under the waiver, and proximity to major transport links and border crossings is likely to attract interest from local developers, family offices, and cross-border investors seeking exposure to the Northern Metropolis growth story .