CBRE appointed as the sole agent for the sale of Nos. 9-11 Staunton Street, SoHo, Central near the Central-Mid-Levels Escalator by Public Tender

CBRE has been appointed by the owner as the sole agent for a public tender sale of the entire commercial-residential building located at Nos. 9-11 Staunton Street, Central (the "Property" hereafter). Situated in the heart of Hong Kong's SoHo district, the Property combines retail and residential uses, making it a rare investment opportunity in the market. The tender closing date is Thursday, April 10, 2025, at 12:00 noon.

This property for sale is a whole commercial-residential building with single ownership in the SoHo area of Central, which is rare in the market. Similar properties are scarcely available in this prime location. The building features street-facing shops on both Staunton Street and Chun Wing Lane, attracting heavy foot traffic. Situated next to the Central-Mid-Levels Escalator, it offers direct access to Central and SoHo, with only a 5-minute walk to the core Central business district. The area is bustling with people, with a lot of visitors and mainland tourists.

Currently, the property has an occupancy rate of about 80% (as provided by the owner) and is being sold with existing leases. The ground-floor shop facing Chun Wing Lane is leased to a high-end restaurant, and all residential units are fully rented, providing stable rental income for buyers. The building has recently undergone renovation, giving it a fresh appearance and upgraded facilities.

The property also holds significant potential for acquisition and redevelopment. It can be combined with adjacent plots to develop into a rare high-end residential or mixed-use project in Central, meeting the market demand for scarce prime residential land.

Reeves Yan, Executive Director, Head of Capital Markets, CBRE Hong Kong, said "Over the past 12 months, residential and commercial-residential properties, as well as retail properties, have been the two most focused sectors for investors. With the Hong Kong government's talent schemes, there has been an increase in demand for student and talent accommodation. Additionally, recent large-scale events have attracted many tourists, driving demand for residential and retail properties. The property at Nos. 9-11 Staunton Street perfectly combines the advantages of these two sectors, attracting high-end professionals and overseas students for its residential units. The ground-floor shop has recently introduced the popular bakery brand Vission, which is well-loved by locals and tourists, drawing significant foot traffic. The retail shops in this area also benefit from the commercial atmosphere created by nearby famous restaurants like Bakehouse, Fiata Pizza, and bars like Socio and Staunton’s, making this street consistently lively."

Simon Yu, Associate Director, Capital Markets at CBRE Hong Kong, added, "With the U.S. Federal Reserve cutting interest rates in the past three meetings and market expectations of economic stimulus measures from the Chinese government, Hong Kong's business environment is gradually improving. Lower interest rates and favorable policies provide an ideal market window for investors. The property at Nos. 9-11 Staunton Street, with its unique location and flexible usage, becomes an ideal choice for investors."

For inquiries regarding the project details, please contact Mr. Reeves Yan, Executive Director, Head of Capital Markets (Phone: +852 9463 9892) or Mr. Simon Yu, Associate Director of Capital Markets at CBRE Hong Kong (Phone: +852 9685 8365).


 

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Property Advertising Number: CBRE-CM-ADV3995