CBRE Appointed as Sole Agent of Shop A on G/F of On Fat Building, 28 Cheung Fat Street, Cheung Sha Wan, Kowloon

CBRE has been appointed as the sole agent to offer for sale, by private treaty, Shop A on G/F of On Fat Building, 28 Cheung Fat Street, Cheung Sha Wan, Kowloon. The property, involving 833 sq. ft. approx., is offered for sale, through CBRE, with the existing tenancy at an indicative price of HK$14.4 million. This is a rare opportunity to acquire a shop with secure tenancy and stable rental income in the district. 

The property was acquired by the current owner in 1992 as a long-term investment and has been held for over three decades. Situated in the established residential neighbourhood of Cheung Sha Wan, it is surrounded by major public and private housing developments, including So Uk Estate, Lei Cheng Uk Estate, and notable private residential projects such as Heya Crystal, Heya Delight, Heya Aqua, and Heya Star. Supported by a sizeable residential catchment, the area enjoys strong and stable local demand. The property also benefits from its proximity to schools, community facilities, and Cheung Sha Wan MTR Station, all within walking distance. 

Comprising a gross floor area of approximately 833 sq. ft., the shop has been occupied by long-standing tenants for many years, including one tenant who has been in place since 1994. This reflects the property's stable rental income and enduring investment appeal, allowing purchasers to enjoy immediate and reliable rental returns upon acquisition.

Joseph Wong, Associate Director of Capital Markets, CBRE Hong Kong commented: “Shop A on Ground Floor, On Fat Building offers multiple investment attractions, a quality urban shop held long term by the owner and leased to secure tenants, now rarely available on the market. The asking price is reasonable, and based on the indicative price, the property can deliver around 5% rental yield to the next buyer. Situated in a bustling street market location, future owners may also consider repositioning the tenant mix to further enhance rental income, offering significant long term value add potential.”

For any enquiries regarding this property, please contact Joseph Wong, Associate Director, Capital Markets, CBRE Hong Kong (Tel: +852 9752 4618 | E-368256) or Bernice Chen, Analyst, Capital Markets, CBRE Hong Kong (Tel: +852 5630 6834 | S-718318).

Property Advertising Number: CBRE-CM-ADV5881