Savills Appointed Sole Agent for the Sale of a Portfolio of Units at Cable TV Tower 30/F, Tsuen Wan and 1/F – 3/F of Glassview Commercial Building, Yuen Long
04 September 2023
The 9 units on 30/F of Cable TV Tower in Tsuen Wan are located on a high floor, offering panoramic mountain view. These units have a gross area ranging from approximately 1,380 to 3,418 square feet, totalling about 20,966 square feet. They are available for separate purchase, with an asking price of HK$4,300 to HK$4,500 per square foot. This property is conveniently situated near the waterfront, with a 5-minute walk to Tsuen Wan West MTR station and the bus terminus. It is also in close proximity to various private housing estates and shopping malls, including Ocean Pride, Parc City, The Pavilia Bay, and Tsuen Wan Plaza.
In contrast, the 1st to 3rd floors of Glassview Commercial Building in Yuen Long present a unique opportunity with their "upstairs shops" concept. These floors are located in one of the busiest areas of Yuen Long city centre, near the intersection of Castle Peak Road and Tai Tong Road, attracting a high volume of foot traffic. Moreover, Yuen Long West Rail Station is merely a 6-minute walk away.
Each floor of the property has a gross area of about 2,286 square feet, totalling about 6,858 square feet. The asking price is HK$10,000 to HK$12,000 per square foot. Individual floors can be sold separately with existing tenancy. The property is currently leased by religious, beauty, and medical groups, providing stable returns. It can also be sold with the ownership of the building's facade, which faces the main road and the Tai Tong Road Light Rail platform, offering significant advertising benefits.
Mr. Dave Yeung, Senior Associate, Kowloon Commercial Sales of Savills, stated, "The units on the 30th floor of Cable TV Tower in Tsuen Wan and the 1st to 3rd floors of Glassview Commercial Building in Yuen Long are attractively priced below the market rates. Moreover, both properties enjoy exceptional locations with convenient transportation links, making them highly promising for future development.”
