CBRE Appointed as Sole Agent for the Sale of Shops on Prime Location in Central Shops 201-202, The Galleria, No. 9 Queen’s Road Central, Central, Hong Kong

CBRE has been appointed by the owner as the sole agent for the sale of the Shops 201-202, 2/F, The Galleria, No. 9 Queen’s Road Central, Central, Hong Kong. The property will be sold on “as-is” basis with existing tenancy. The asking price is approximately HK$50,000,000, with an average price of approximately HK$29,700 per sq. ft. The premises boast approximately 1,680 sq. ft. with a stable rental income. The property also presents significant business potential due to its strategic location and strong footfall.

Situated in one of Hong Kong’s most sought-after core business districts, this property enjoys strong footfall and has a direct connection to LANDMARK through a footbridge. The property for sale is currently occupied by a long-term tenant of over a decade, generating stable rental income. The property will be sold with the existing tenancy, ensuring an immediate rental yield.

Simon Yu, Associate Director of Capital Markets, CBRE Hong Kong, said, “The property for sale is an exceptional investment opportunity. With no transactions occurred at The Galleria since 2018, the property highlights its scarcity and value in the market. The property is owned by an overseas family investor looking to reallocate their investment portfolio in the area. Retail spaces in Central continue to demonstrate sustainable, resilient demand, making this investment not only a secure choice but one with potential growth when the market rebounds.”

Simon continued, “The shop's strategic location next to the pedestrian bridge to LANDMARK Hong Kong arcade enhances its appeal, with the potential to be subdivided for various businesses. With other shops in the arcade have recently been leased to international retail brands, this is expected to drive more footfall . This opportunity is ideal for occupiers, both local and institutional investors seeking long-term investment with significant potential growth. If purchased for investment and rental purposes, the potential return is substantial.”

For inquiries about the property details, please contact Simon Yu, Associate Director of Capital Markets  (T: +852 9685 8365) or Reeves Yan, Executive Director and Head of Capital Markets (T: +852 9463 9892), CBRE Hong Kong.

 
The Galleria Shopping Arcade, Nine Queen’s Road Central, Central

 
The Subject Property

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Property Advertising Number: CBRE-CM-ADV5000