International real estate firm Savills has been appointed as the sole agent for the sale of Unit 501, 5/F, Riley House, No. 88 Lei Muk Road, Kwai Chung ("The Property"). The Property will be sold on an “as-is” basis with existing tenancies.
The Property is a premium industrial unit with a gross area of approximately 24,234 square feet. The floor-to-floor height reaches 5 meters, and the loading capacity is about 300 pounds per square foot, making it suitable for various industrial production, storage, and logistics purposes. The Property is equipped with loading and unloading bays that can accommodate 40-foot container trucks, significantly enhancing logistics efficiency. The building features comprehensive facilities, including 8 passenger elevators and 16 freight elevators, along with 5 truck parking spaces to meet the daily operational needs of businesses.
The Property is located in the core industrial and commercial district of Kwai Chung, adjacent to the Kwai Chung Container Terminals, offering a prime strategic location. The surrounding area is bustling with restaurants, banks, and markets, providing comprehensive daily amenities. It is also close to well-known local landmarks such as the Silka Tsuen Wan and Tung Chun Industrial Building, ensuring a vibrant flow of people and goods. The transportation network is well-developed, with multiple bus and minibus routes along Wo Yi Hop Road, making travel to and from various districts across Hong Kong Island, Kowloon, and the New Territories highly convenient.
Mr. Oscar Chow, Senior Director and Deputy Head of Industrial & Kowloon Commercial Sales at Savills Hong Kongsaid, “This Property is currently offered at an indicative price of approximately HK$72.7 million, with unit price of approximately HKD 3,000, presenting a more competitive price advantage compared to recent transactions in the same district. It is currently leased by a well-established tenant, generating a rental yield of over 5%, making it a highly attractive investment opportunity.
Industrial properties in Kwai Chung remain in strong demand, and with its prime location in a well-developed area, high ceilings, and heavy-duty load capacity, this Property is expected to draw significant interest from both investors and end-users. Interested parties are advised to seize this rare investment opportunity.”