Savills Appointed as Sole Agent for the Sale of Nos. 9 – 11 Staunton Street, Central

The property is located in the prime area of Soho, Central, with direct access to the Mid-Levels Escalator system, only a 5 – 10 minutes' walk from Central CBD, providing excellent convenience. Furthermore, it is a rare opportunity to acquire a building with sole ownership in the sought-after Soho district. The owner has held the property for many years and is now offering it for sale.

The LG/F and G/F of the property are street-facing, with frontages on Staunton Street and Tsun Wing Lane respectively. The 1^st floor consists of two office units, while the 2^nd to 5^th floors are designated for residential use, comprising a total of eight units. Currently, the occupancy rate of the property is approximately 73%. The street-level premises are leased to a bar and a steakhouse, while the residential units are operated as student dormitories.

Ms. Sharon Fong, Senior Director, Investment of Savills stated, “The property has just completed renovation works and is being offered for sale with existing tenancies, providing excellent rental returns. Additionally, the property holds the potential for acquisition and redevelopment, allowing for the consolidation of adjacent plots into a rare residential site in the Central district. With the frequent acquisition activities in the Soho area in recent years, the project offers tremendous potential for future appreciation. Investors and developers should not miss this opportunity.”