The King of Shops Lai Wing To sold a ground floor shop on Hennessy Road, Wan Chai for HK$35 million.

The King of Shops sells large corner shops! "Today's Hong Kong Economic Journal" reported that Lai Wing To sold a ground floor shop on Hennessy Road, Wan Chai for HK$35 million.

Experienced retail investors continue to sell their shops and properties to cash out. It is known that investor Lai Wing To sold a ground floor shop on Hennessy Road in Wan Chai for about HK$35 million (door width 33 feet, usage areaabout 360 sq feet, Hennessy Road and Bowington Street, wet market. Monthly rent for HK$125,000, annual return 4.3%.)

Market news revealed that Shop No. 2A on the ground floor of Yau Kwong Building, 418-430 Hennessy Road, Wan Chai, is located on one side of the junction of Hennessy Road and Canal Road West. It has a gross area of ​​about 560 square feet. It was originally put for sale at HK$50 million. In the end, it was rumored that It was sold for HK$35 million, with a price of about 62,500 per square foot. The shop is rented by a fruit shop at HK$125,000 per month, with a rental return rate of approximately 4.3%.

Information shows that Lai Wing To spent HK$18 million to purchase shops 2A and 2B on the ground floor of Building in 1991. Shop 2B was sold for 11 million in 1994. Together with shop 2A, he cashed out a total of 46 million, with a profit of HK$28 million.

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Basis of scoring: 5 is market value, 10 is very cheap, 1 is very expensive. For the high score, the shop has to have "P-R-O", including good Prospect, good Rental Value, many Options, AND the price is below market. Note: Scoring is based on initial gut feeling. Amenities like ventilation, fire services, water supply and outlet, electricity, and gas supply, rental agreement, property title, unauthorized building works, etc. will greatly affect the value of the shop. Scoring is only as a quick reference after recorded thousands of shop transactions by Dr. Edwin Lee.

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About Bridgeway: Bridgeway Prime Shop Fund Management Co. Ltd. is the first SFC licensed (BBL 650) asset management company that focuses on shop investments in Hong Kong. Since fund launch in 2016, Bridgeway has bought and sold 195 Hong Kong street shops, value in excess of HK$3.3 billion. Bridgeway is the most active investor in the Hong Kong retail shop property market based on the number of transactions. In the long run, Bridgeway aims to buy and add-value to 1000 street shop properties in Hong Kong with 10% annualized net return.

Buy a shop like a PRO. Bridgeway.

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For a list of Bridgeway shop properties:

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Bridgeway flagship "Bridgeway Value-Add Fund（VAF)" was launched in August 2019. Since launch, VAF has bought and sold 149 street shops with value of over HK$2.5 billion. As of 30/9/2023，VAF cumulative net return (after deduction of fees and taxes) is +24.54%.

VAF is only available for Professional Investors who have more than HK$8 million investment portfolio (excluding real estate) as defined by the Hong Kong's Securities and Futures Ordinance. To learn more, please contact Vivian ([phone] ，Marc 6092 6444，Joe 9250 6708，Desmond 9660 2253，Ashley 5464 7070，Cherry 6353 4437。Office ([phone]

To contact Dr. Edwin Lee, Founder and CEO of Bridgeway Prime Shop Fund, please whatsapp [phone]