Enbloc building with student accommodation at Hung Hom for sale

It is currently listed at $85m with existing tenancies.

An enbloc building, including the whole student accommodation located at No. 33 Cooke Street/ No. 13 Lo Lung Hang Street, Hung Hom, is for sale and is currently listed at $85m with existing tenancies.

Acquired and renovated by a fund in October 2021, the property features three shops, generating around $80,000 per month. The residential section comprises 50 rooms, managed by IRENT as student apartments. According to IRENT's website, room rentals inclusive of management fees range from $6,610 to $9,240. There is potential to upgrade the rooms to all include an ensuite bathroom. Additionally, the property can be sold as a company.

Cushman & Wakefield has been appointed by the owner as the lead sales agent for the sale.