Two property sites at Nathan Road and Bank of America Tower on the market

The properties will be sold via public tender.

Entire buildings at No. 315 and 317–321 Nathan Road, Kowloon, as well as the entire 13/F of Bank of America Tower, Central are on sale via public tender before 25 September, said its sole agent CBRE.

No. 315 Nathan Road is a 12-storey mixed-use building with a gross floor area of 24,338 sq. ft. containing retail shops, offices, and residential units, whilst No. 317–321 Nathan Road is a 12-storey commercial and hotel building with a gross floor area of 87,228 sq. ft.

The two adjoining buildings have a current market value of HK$818m, or HK$5,345 per sq. ft.

Located in the Yau Tsim Mong, the buildings are one-minute walk from Jordan MTR Station Exit A and a 15-minute drive drive from PolyU, CityU, HKBU, and HKMU, the buildings are also close to the West Kowloon High-Speed Rail Station and Temple Street Night Market.

Additionally, the site can be redeveloped into a new commercial building with a total gross floor area of 153,045 sq. ft., suitable for Ginza-style retail, hotel, or Grade A office use.

The entire 13/F of Bank of America Tower in Central has a gross floor area of 13,880 sq. ft. offered partly tenanted and partly vacant with a price of $236m, or HK$17,000 per sq. ft., slightly below the building’s historical transaction range of HK$18,000 to HK$21,000 per sq. ft.