Rare Large Industrial Floor Space in Tsuen Wan; Unique Market Opportunity Attracts Investment Attention

The falling stock of strata-titled industrial in Hong Kong, coupled with the Government push to revitalise industrial buildings and redevelopments in recent years, has made traditional industrial increasingly valuable. As Northern Metropolis plan continues, Tsuen Wan connecting the New Territories West and the urban areas boasts geographical advantages. Industrial buildings in Tsuen Wan have substantial potential for transformation and value add. The Vendor has appointed CBRE Hong Kong and Centaline Commercial as joint sole agents for the sale of 2/F to 5/F of Tsuen Wan Industrial Centre via public tender. The tender closing is set for 12nn, June 20, 2025 (Friday). 

Stephen Lau, Director, Industrial/Office Department, Centaline Commercial said the Property for sale, spanning 2/F to 5/F of Tsuen Wan Industrial Centre at Texaco Road, Tsuen Wan, covers 54,425 sq. approx. each floor with a total gross area of 217,700 sq. ft. (to be verified). There is also one container parking space, two lorry spaces, and five private parking spaces on 1/F. The market value is amounted to approx. HK$650 million, which is equivalent to approx. HK$3,000 per sq. ft. Tsuen Wan Industrial Centre is a 26-storey industrial building. The Property for sale spans four consecutive floors and is used for factory purpose, offering functional, flexible, spacious layout. 2/F to 4/F each have a ceiling height of 4.57m and loading capacity of approx. 300 pounds per sq. ft. 5/F has a ceiling height of 3.35 and loading capacity of approx. 150 pounds per sq. ft. The building features three dedicated cargo lifts and provision of 7,500 amp three-phase electricity, making it especially suitable for users with high business needs. Located at the heart of Tsuen Wan, a core area of mixed industrial, commercial, and residential areas, the building is adjacent to Tsuen Wan West MTR Station (approximately 8 to 9 minutes' walk). Together with convenient transportation, the building has substantial potential for value add. In terms of supporting facilities, the building is equipped with cargo lift and sufficient parking spaces to meet the diverse needs of industrial and commercial use.

Reeves Yan, Executive Director, Head of Capital Markets, CBRE Hong Kong said Tsuen Wan Industrial Centre is a traditional industrial building, that has attracted many users for more than a decade. Located at the transportation hub of Tsuen Wan, it connects with Shenzhen Bay Port to the north and can directly access the entire commercial network of China and Hong Kong via the Hong Kong-Zhuhai-Macao Bridge. Many investors are drawn to its strong logistics advantages. The 2/F to 5/F, which include leased spaces, making them suitable for investors seeking stable returns. Additionally, there are vacant floors available, providing an ideal choice for long-term users. The Property for sale is expected to be highly sought after in the market.