Substantial retail space in Kennedy town up for sale

The 13,923-square-foot property can be used by local universites as off-site facility.

About 14,000 square feet of retail space within Harbour View Garden Tower III is up for sale at an indicative price of $130m, equivalent to $9,337 per sq. ft.

According to sole agent CBRE, the sale will cover two shops on the ground floor and the whole first floor of Harbour View Garden Tower III, 2 Catchick Street, Kennedy Town.

The property has an estimated gross area of approximately 13,923 sq. ft. and features a prominent corner frontage and a high ceiling of 4.55 metres.

It is currently leased to a well-established cinema operator with a long-term lease, CBRE said.

Whilst not immediately available for conversion, the buyer will also benefit from the property’s flexible usage as local universities are actively expanding their off-campus teaching facilities, it added.

The tenant has been in occupation since 2021, and the property also aligns with the nation’s initiative to strengthen its international education hub.