18 November 2012, Hong Kong - CBRE has been appointed as the sole agent for sale of the residential site of 18 Ventris Road, Happy Valley, Hong Kong. The property will be available for sale through an open tender, and the deadline is set for 18 January, 2013 (Friday).
Mr. Kenny Kwok, Senior Director of Investment Properties for CBRE, said, this is a rare upmarket residential plot currently available with vacant possession in Happy Valley. In view of its superb location in a luxury residential area and famous schools, we believe that this tender will attract significant interest from buyers, developers and investors. The market generally expected its transaction price can reach over HKD150 million.
Located in the traditional luxury residential area in Happy Valley, luxury residential properties within the area include The Leighton Hill, Winfield Building and Broadwood Twelve. The residential site is within close proximity to St. Paul’s Secondary School, and is nearby to other famous schools around the area. Happy Valley also has much to offer in terms of local eateries and restaurants of different cuisines. Locality is well served by various means of public transport, and it only takes few minutes’ drive to get to Causeway Bay and the Central Business District.
Based on the building plans provided by the owner and approved by Building Authority, this property has a net site area of 1,237.68 sq. ft with a plot ratio of approximately 3.6 times to develop a six-storey high building (subject to the grant of lease modification to relax height restriction from the Lands Department). This property is to be sold on vacant possession, and is ideal for investment and development for own use.
For sale details, please contact Mr. Kenny Kwok, Senior Director of Investment Properties for CBRE at 2820 2959
Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.
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CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.