Industrial building in Quarry Bay up for auction

It has a reserve price of $5.13b.

Wah Ha Factory Building at No.8 Shipyard Lane in Quarry Bay will be up for auction on 28 June at 11 a.m.

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

The property’s official auctioneer, JLL, said the property has a reserve price of $5.125b.

The 20-storey industrial building’s ground floor consists of two workshops, a loading and unloading area, a transformer room, a switch room, a telephone room, pump houses and a watchman’s room for non-domestic use. 

Meanwhile, its first floor to 19th floor houses four workshops and two-metre rooms per floor for non-domestic use.

It has a site area of 27,089.97 sq ft and is zoned as "Commercial" under Approved Quarry Bay Outline Zoning Plan No. S/H21/28. 

“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,” JLL said.