HONG KONG, July 22, 2024 – JLL today announced it has been appointed by the owner as the auctioneer for the sale of the property at 133 Wai Yip Street, Kwun Tong by public auction.

The public auction will be held at the JLL office, 7/F One Taikoo Place, 979 King's Road, Quarry Bay, at 11:00 am on 4 September 2024 (Wednesday).

Completed in 1969, the 13-storey building, complete with a rooftop, offers a total gross floor area of approximately 192,857 sq ft. It provides rare whole commercial floor with sea view and a typical floor plate of 14,710 sq ft.

According to the Alterations and Additions Plans, the ground floor, including storeroom, is designated for retail use, while the 1st and 2nd floors are designated for F&B use. The 3rd to 12th floors, along with the rooftop penthouse, are designated for office use. The property is served by four passenger lifts, one service lift, and a pair of escalators connecting the ground to 2nd floors. There are also 10 private car parking spaces and 6 loading/unloading spaces.

The prominently situated corner property boasts stunning sea views through its expansive window frontage, creating a comfortable and spacious working environment ideal for a wide range of businesses. Located in Kowloon East CBD2, the property is surrounded by a vibrant mix of Grade A office buildings, shopping malls and diverse retail outlets and dining options, fostering a dynamic business atmosphere. Conveniently situated a two-minute walk from MTR Ngau Tau Kok station, it also benefits from excellent connectivity with a comprehensive network of bus routes and throughfares, ensuring easy access to all parts of the city.

The property is to be sold on "as-is" basis and subject to existing tenancies and /or licences (if any). The sale will include the fixtures, fittings and chattels.

Joseph Tsang, Chairman at JLL in Hong Kong, said: "Kwun Tong, as an emerging commercial hub in Hong Kong, has become an attractive destination for local and international companies seeking convenient, well-connected, and affordable office spaces with considerable appreciation potential. Given its advantageous location, the property is well-positioned to attract quality tenants, making it a compelling investment opportunity for those seeking stable rental income through long-term investment."