Portfolio of 19 floors at No. 382 Lockhart Road on sale for $398m
The portfolio includes the 5th floor to the penthouse of the building.
CBRE has announced the sale of the entire commercial portion from 5/F to the Penthouse at No. 382 Lockhart Road, Wan Chai, Hong Kong, via private treaty.
The property will be sold with exciting tenancies at an indicative price of $398m or $8,405 per sq ft. With over 90% occupancy, the property generates a monthly rental income of approximately $1.1m. When fully leased, the net rental income is expected to reach $1.2m per month
The property spans a gross area of 47,349 sq ft across 19 floors, with a typical floor size of 2,520 sq ft. It also features newly renovated lifts, lift lobbies, common areas, and upgraded building systems completed in 2023.
In addition, the property is located near the Causeway Bay and Exhibition MTR stations.
The 5/F to 15/F are typical commercial floors, whilst the 16/F to Penthouse have been subdivided into 52 high-quality furnished office suites.
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