CBRE Appointed as the Sole Agent for the Sale of 5/F to Penthouse, No. 382 Lockhart Road, Wan Chai, Hong Kong

CBRE has been appointed as the Sole Agent for the sale of the entire commercial portion from 5/F to Penthouse, No. 382 Lockhart Road, Wan Chai, Hong Kong (the “Property”). The Property will be sold by Private Treaty on an “as-is” basis with existing tenancies together with Naming Right and Signage, at an indicative price of HK$398 million (equivalent to HK$8,405 per sq. ft.).

Located at the junction of Lockhart Road and Marsh Road, the Property enjoys partial Victoria Harbour sea views.  It’s prominent corner location, adjacent to the Marsh Road Flyover serving as one of the major arteries connecting Hong Kong Island and Kowloon via the Cross Harbour Tunnel, is a high-visibility hotspot enhancing the Property’s Naming Right and Signage assets. The Property is only 5-minutes and 9-minutes walking distance away from the Causeway Bay MTR Station and Exhibition MTR Station, respectively.

The Property is a premier commercial building featuring newly renovated lifts, lift lobbies, common areas and building systems upgraded in 2023, boasting a Gross Area of 47,349 sq. ft., spreading across 19 contiguous whole-floors, with a typical floor size of 2,520 sq. ft. The ceiling height per floor is 3.25m, with the Penthouse floor features an extra-high ceiling of 4.5m. The 4kPa floor loading supports flexible commercial uses, such as semi-retail, private clubs, fitness studios and general office use.

The Property boasts over 90% occupancy generating a monthly net rental income of approx. HK$1.1 million, providing strong and stable returns for a new buyer. When fully leased, the net rental income is expected to reach HK$1.2 million per month. The 5/F to 15/F are typical commercial floors, whilst the 16/F to Penthouse have been subdivided into 52 high-quality furnished office suites.

Frederick Lai, Senior Director, Capital Markets, CBRE Hong Kong said: “The Property ensures strong and steady rental income with long-term capital appreciation potential, which are the investment qualities that are highly important for today’s investors. This is an attractive opportunity where a new buyer can acquire a newly renovated asset in a strategic location in the heart of Hong Kong Island, that is fully stabilised at a historically attractive price. Naming Right and External Signage assets, in a prominent Wan Chai corner location, are also rare and seldom available for sale.”

Avan Pau, Senior Director, Capital Markets, CBRE Hong Kong said: “The entire development of No. 382 Lockhart Road comprises two owners, with 5/F to Penthouse representing the 60% majority stake. In March 2025 Litu Holdings (01008.HK) acquired 86.67% of Kam Chung Building at 52-58 Jaffe Road, and in August 2024 another long-term investor acquired a basket of strata units at No. 333 Hennessy Road, which was sold for HK$140 million (equivalent to HK$8,000 psf), demonstrating the market’s pursuit of commercial space in core-Wan Chai. The Property is an opportunistic investment suitable for investors looking for strong rental income, upside potential and owner-occupiers looking for a headquarters building.”

For any additional details about the Property, please contact Mr. Frederick Lai, Senior Director (Tel: +852 9194 5323), Mr. Avan Pau, Senior Director (Tel.: +852 9836 9656) or Mr. Simon Yu, Associate Director (Tel: +852 9685 8365), of Capital Markets, CBRE Hong Kong. 


Property Advertising Number: CBRE-CM- ADV5304


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