Sham Shui Po Shop • 6.5% High Return • 60-Year-Old Building with Significant Urban Redevelopment/Acquisition Potential

Property Basic Information:

Address: Shop D, G/F, Yen Chow Building, 23-29 Yen Chow Street, Sham Shui Po / 219B Yik Kut Street

Usable Area: Approx. 810 sq ft

Year Built: 1962 (Over 60 years old)

Selling Price: HK$9 million

Estimated Value: Bank valuation of HK$12 million (Shanghai Commercial Bank valuation on 20/07/2026), with up to 70% mortgage coverage, reducing down payment burden.

Return on Investment (ROI):

Strong Cash Flow: The property has been carefully divided into 4 ground-floor shops and 3 penthouse suites for rent.

Total Monthly Rental Income: HK$49,000
Actual Rental Yield: 6.5% (HK$588,000 / HK$9,000,000 per year)

Investment Commentary: Currently, the market average for commercial properties is around 3% to 4%. This property's 6.5% return is exceptionally high, offering excellent resilience and easily outpacing inflation. The subdivided rental model also significantly reduces the risk of vacancy due to a single tenant's departure.

Location and Resilience:

Located in the heart of Sham Shui Po's residential area, with a constant flow of people day and night.

Excellent Track Record: Even during the height of the pandemic, there were never any lease terminations, and vacancy periods were extremely short, proving the tenant's stable business and making it a true "long-term rental cash cow."

Transportation Infrastructure and Future Appreciation/Acquisition Potential:

Triple Railway Hub: Enjoying excellent location, within a 6-7 minute walk to MTR Cheung Sha Wan Station, Sham Shui Po Station, or Nam Cheong Station, connecting to the Tsuen Wan Line, Tuen Ma Line, and Tung Chung Line, providing excellent transport links.

Key Development Area for the Urban Renewal Authority and Developers:

The property is 64 years old, far exceeding the mandatory sale threshold, making it highly valuable for consortium acquisition and redevelopment.

Imminent Change in the Surrounding Area: Adjacent to Vanke Hong Kong's newly completed large-scale residential project, "Lianfang I".

Active Consortium Entry: The nearby Urban Renewal Authority project (Lai Chi Kok Road/Kwai Lin Street and Medical Street Development Project - Fung Wai) has become a landmark in the area. Recently, the Ma family of Tai Sang Bank spent HK$65 million to acquire the entire Medical Street building, demonstrating the confidence of large consortiums in the future development potential of this location. Entering the market now with 9 million, you can earn a substantial acquisition premium at any time in the future.