CBRE Appointed as Sole Agent for the Sale of A Landmark Super-Core Retail Flagship on Kimberley Road, Tsim Sha Tsui

CBRE has been appointed by the owner as the sole agent for the sale of (i) the entire basement to 2nd floor of Cheung Lee Commercial Building, 25 Kimberley Road, Tsim Sha Tsui, with a total gross floor area of approximately 21,871 sq ft; and (ii) Shop Nos. 6–10 on the ground floor of Wing Lee Building, 27–31C Kimberley Road, Tsim Sha Tsui, with a gross floor area of approximately 2,731 sq ft. The market valuations are approximately HKD 340 million and HKD 90 million respectively. Located at the junction of Tsim Sha Tsui’s super-core retail and entertainment districts, the properties offer exceptional brand exposure and stable rental returns. This rare flagship-scale retail asset is expected to attract strong interest from local and long-term investors, institutional buyers, as well as core brand occupiers.

Prime Super-Core Location Adjacent to “Lan Kwai Fong of Kowloon” with Heavy Foot Traffic

The properties are situated at the prime intersection of Carnarvon Road and Kimberley Road in the super-core area of Tsim Sha Tsui, directly opposite Mira Place, enjoying outstanding street exposure. They are also next to the well-known Knutsford Terrace, which is well known as the “Lan Kwai Fong of Kowloon.” This area boasts a highly established dining and entertainment scene, with constant foot traffic day and night. A steady stream of local consumers and visitors provides strong purchasing power, underpinning the area’s undeniable commercial and retail value.

Fully Let to High-Profile Tenants Including Influencers and Century-Old Brands; Stable Rental Income

The properties are currently fully leased, with a diversified and strong tenant mix. At Cheung Lee Commercial Building, the ground floor is leased to the popular influencer-backed restaurant “Lok Tin Café”; the 1st and 2nd floors are occupied by the renowned century-old restaurant brand “Lin Heung Lau”; and the basement is leased to the well-known mainland KTV chain MEI KTV. Meanwhile, the ground-floor shops of the adjacent Wing Lee Building are leased to the local eatery “Aberdeen Fishball Noodles Restaurant”. This strong tenant lineup and well-recognized brands enhance customer attraction and footfall, while providing immediate and stable long-term rental income for prospective buyers.

Upcoming Redevelopment of Nearby Site into Five-Star Hotel Offers Significant Capital Upside

Of particular note is the nearby Champagne Court, which is slated for redevelopment into a new five-star hotel (subject to relevant government approvals). Upon completion, the luxury hotel project is expected to upgrade the streetscape of Kimberley Road and enhance the overall commercial profile and international visitor traffic of the district. This will likely drive future rental growth and unlock substantial long-term capital appreciation potential for the properties.

Zac Wong, Senior Director, Capital Markets at CBRE Hong Kong, said: “Street-level flagship retail spaces exceeding 20,000 sq ft in Tsim Sha Tsui’s core district are extremely rare. This property is particularly attractive as it is fully leased and houses both a century-old brand and well-known mainland chain tenants. With the redevelopment of Champagne Court into a hotel gradually taking shape, the strategic and investment value of this asset is set to rise significantly. In addition to a full-enbloc sale, the owner is also open to discussing strata-title sales to suit different buyer needs, offering considerable investment flexibility. We anticipate keen competition for this offering.”

For any enquiries regarding this property, please contact Zac Wong, Senior Director, Capital Markets at +852 9583 4716 (E-508852) or Ray Chan, Associate Director, Capital Markets, CBRE Hong Kong at +852 6103 5679 (E-417485).


Property Advertising Number: 
Entire basement to 2nd floor of Cheung Lee Commercial Building, 25 Kimberley Road, Tsim Sha Tsui - CBRE-CM-ADV5664
Shop Nos. 6–10 on the ground floor of Wing Lee Building, 27–31C Kimberley Road, Tsim Sha Tsui  - CBRE-CM-ADV5665