Commercial and residential composite building in Kowloon up for auction

It has a reserve price of $1.071b.

An eight-storey building located at Nos.72, 74 and 76 Lok Shan Road and Nos. 72, 72A, 72B, 72C, 74, 74A, 74B, 76, 76A and 76B To Kwa Wan Road in Kowloon will be up for auction on 8 June at 11 a.m.

The commercial and residential composite building has a reserve price of $1.071b. 

The public auction will be held at the JLL office, 7/F One Taikoo Place, 979 King's Road, Quarry Bay, Hong Kong.

“The Property is being sold partly with vacant possession and partly subject to existing lettings, tenancies and licences, if any,  and on an 'as is basis but subject to the existing building orders and notices,” JLL, the property’s marketing agent, said.

According to JLL, the building is situated on a site zoned as "Residential (Group A)" under draft Ma Tau Kok Outline Zoning Plan No. S/K10/29. It has a site area of 10,287 sq ft.

The building’s ground floor has 10 shops for non-domestic use and three tenements for domestic use.

“The first to seventh floors have 13 tenements per floor for domestic use,” added JLL.