Press Release
CBRE Appointed as the Sole Agent for the Sale of Commercial Accommodation with Naming Right, Reserved Facade B and Commercial Unit B5 of The Zenith
March 12, 2025
Media Contact
Christine Tai
Associate Director, Marketing & Communications, Hong Kong
CBRE has been appointed as the sole agent for the sale of Commercial Accommodation and Commercial Unit B5 of The Zenith, at No.3 Wan Chai Road, Hong Kong with a total gross floor area of approx. 14,787 sq. ft.
The original owner bought the property for about HK$320 million in 2017. The first and second floors were previously leased to Red Seasons and a clearance sale store (now vacant). The property for sale includes two ground floor entrances, the first and second floors, reserved façade B, two loading bays, and Commercial Unit B5 on Ground Floor. Subject Property has an independent escalator entrance, as well as an elevator and staircase entrance to the second floor. The new buyer can enjoy naming right and external wall advertising space, making it highly valuable for commercial purposes. This is suitable for retail, medical, education sectors, and various other uses.
Sam Mock, Executive Director, Capital Markets, CBRE Hong Kong said: “In recent years, Hong Kong's retail market has faced challenges brought by the pandemic. However, as the economy gradually recovers and consumer confidence rebounds, the performance of the retail sector has started to improve. Property prices have undergone adjustments and currently remain at a low level. Various retailers and institutional users are actively seeking suitable commercial spaces to expand their businesses to address the evolving consumer demand. Users from medical and education sectors, as well as elderly care homes, have thus become buyers of these commercial properties, purchasing them for self-use."
Sam Mock added: “This property for sale is located in the core area of Wan Chai and is being sold by the mortgagee. It represents a high-quality commercial investment opportunity on Hong Kong Island. The asking price is HK$115 million (equivalent to HK$7,777 per sq. ft.), which is very attractive and significantly discounted. It is expected to draw attention from users such as medical and educational institutions."
For any additional details about the sole agency, please contact Mr. Sam Mock, Executive Director (Tel: +852 9013 3319) or Mr. Churchill Keung, Assistant Manager (Tel.: +852 6679 2298) Capital Markets, CBRE Hong Kong.
Commercial Accommodation with Naming Right, Reserved Facade B and Commercial Unit B5 of The Zenith
The original owner bought the property for about HK$320 million in 2017. The first and second floors were previously leased to Red Seasons and a clearance sale store (now vacant). The property for sale includes two ground floor entrances, the first and second floors, reserved façade B, two loading bays, and Commercial Unit B5 on Ground Floor. Subject Property has an independent escalator entrance, as well as an elevator and staircase entrance to the second floor. The new buyer can enjoy naming right and external wall advertising space, making it highly valuable for commercial purposes. This is suitable for retail, medical, education sectors, and various other uses.
Sam Mock, Executive Director, Capital Markets, CBRE Hong Kong said: “In recent years, Hong Kong's retail market has faced challenges brought by the pandemic. However, as the economy gradually recovers and consumer confidence rebounds, the performance of the retail sector has started to improve. Property prices have undergone adjustments and currently remain at a low level. Various retailers and institutional users are actively seeking suitable commercial spaces to expand their businesses to address the evolving consumer demand. Users from medical and education sectors, as well as elderly care homes, have thus become buyers of these commercial properties, purchasing them for self-use."
Sam Mock added: “This property for sale is located in the core area of Wan Chai and is being sold by the mortgagee. It represents a high-quality commercial investment opportunity on Hong Kong Island. The asking price is HK$115 million (equivalent to HK$7,777 per sq. ft.), which is very attractive and significantly discounted. It is expected to draw attention from users such as medical and educational institutions."
For any additional details about the sole agency, please contact Mr. Sam Mock, Executive Director (Tel: +852 9013 3319) or Mr. Churchill Keung, Assistant Manager (Tel.: +852 6679 2298) Capital Markets, CBRE Hong Kong.
Commercial Accommodation with Naming Right, Reserved Facade B and Commercial Unit B5 of The Zenith
Property Advertising Number: CBRE-CM-ADV5207
Photos are for reference only
Photos are for reference only
About CBRE Group, Inc
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm and a premier provider of critical infrastructure services (based on 2025 revenue). The company has more than 155,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, data center solutions); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm and a premier provider of critical infrastructure services (based on 2025 revenue). The company has more than 155,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, data center solutions); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.