Shatin floor and TST office units launched for sale

The combined assets span 34,500 sq ft with prices from $45m to $138m.

The fifth floor at Shatin Industrial Centre in Siu Lek Yuen, Shatin, and office units at Concordia Plaza in East Tsim Sha Tsui has been launched for sale, sole agent Colliers International said.

The Shatin Industrial Centre asset comprises approximately 29,206 square feet (sq ft) of gross floor area, which is subject to verification, with an indicative price of $138m, or about $4,588 per sq ft (psf) with an additional lorry park space priced at $4m.

Concordia Plaza includes three office units totalling about 5,375 sq ft, offered at an indicative price of $45m, or about $8,372 psf.

The Shatin floor features a 4.7-metre floor-to-floor height and a floor loading capacity of 9.8 kPa. It also includes two flat roof areas totalling about 3,585 sq ft (subject to verification) and is connected to loading facilities and cargo lifts via a lorry park on the second floor.

Dominic Chung, Executive Director, Capital Markets & Investment Services, said the Shatin property may suit R&D and small-scale production use.

Ben Fong, Senior Associate Director, Capital Markets & Investment Services, said East Tsim Sha Tsui remains an established commercial district, with demand supported by end-users and investors.