Published:
Cheung Sha Wan shop up for sale at $14m
It has been owner-held for over three decades and leased to long-standing tenants.
The Shop A on the ground floor of On Fat Building in Cheung Sha Wan, Kowloon, is being offered at $14.4m, sole agent CBRE said.
The shop, comprising a gross floor area of approximately 833 square feet, has secure tenancy and stable rental income, CBRE said.
It is situated in the established residential neighbourhood of 28 Cheung Fat Street and is near schools, community facilities, and Cheung Sha Wan MTR Station.
The property can deliver around 5% rental yield whilst allowing the next buyer to reposition the tenant mix, CBRE added.
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