Industrial & Logistics

Majority Portion (72.53%) of Chuan Kei Factory Building

15-23 Kin Hong Street Kwai Chung, Hong Kong SAR, China Hong Kong SAR, China
Asking Price
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Key facts

Property Reference Number 18373089
Year Built 1977
Building Area Gross

Property description

Chuan Kei Factory Building is a 15-storey industrial building completed in 1977. It is located at the fringe industrial district of Kwai Chung and is within walking distance to MTR Kwai Hing Station and Tai Wo Hau Station with close proximity to large scale residential developments and shopping malls. 


The Property for sale comprise Section B on 2/F, 4/F, 5/F, 6/F, 8/F, 9/F, 10/F, 11/F, 12/F, 13/F, 14/F & Roof and 12 Parking Spaces on 3/F. The total approved GFA of the Property is 168,483 sq.ft.

Investment highlights

  • Due to low-base effect, relatively low risk with great capital gain potential for the logistics sector when compared with other investment sectors, in particular for Kwai Chung / Tsuen Wan logistics assets;
  • Securing the Property on its Existing Use Value basically equivalent to Accommodation Value of sites in Kwai Chung / Tsuen Wan locations providing immediate rental income and future redevelopment potential by agglomeration;
  • By securing this majority portion, plot ratio relaxation for redevelopment of data centre, cold-storage building, other permitted industrial use, etc. under revitalization policy 2.0 readily achievable by agglomeration of remaining floors with the back-up of potentially lowering of the compulsory sale thresholds from 80% to ......;
  • Existing layout good fit for logistics purposes;
  • In addition, legally feasible for self-storage operation under the “Industrial and/or Godown” usage in government lease;
  • Likely great improvement from its currently fully-let yield of 3.2% on the final strike price acceptable to the Vendor and hence an ideal high-yield investment vehicle
Last Updated Date: 09 Mar 2022

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

Last Updated Date: 09 Mar 2022

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.