Savills Appointed as Sole Agent for the Sale of a Duplex Commercial Podium in Tsim Sha Tsui with an Indicative Price of HK$ 90M

The Property enjoys a prime location at the intersection of Chatham Road South and Austin Avenue, adjacent to the Hong Kong Polytechnic University, Hong Kong Science Museum, and the Knutsford Terrace. It benefits from high pedestrian footfall and excellent accessibility, being situated between Tsim Sha Tsui Station, East Tsim Sha Tsui Station, and Hung Hom Station, serving two major MTR lines. With two sides of frontages facing Chatham Road South (approximately 61 feet) and Austin Avenue (approximately 22 feet), the Property experiences a high volume of daily vehicular traffic, offering exceptional exposure and advertising opportunities. Its wide frontage makes it an ideal choice for flagship stores.

Mr. Peter Yuen, Managing Director of Savills stated, "The indicative price of the Property is approximately HK$ 90 million, representing a significant discount compared to the price before the pandemic. Furthermore, the Property boasts an extremely advantageous location, rare large-scale commercial units in the bustling area of Tsim Sha Tsui, suitable for various industries, particularly churches, kindergartens, medical groups, or as showrooms.”