More than 70% of the ownership of the old building in Mid-Levels West was put on sale for RMB 140 million

28Hse Editor  2022-11-30  #Transaction

In order to speed up urban renewal, the latest policy address proposes to relax the threshold for applying for compulsory auction. The threshold for private buildings aged 50 years or more but less than 70 years is reduced from 80% ownership to 70% After seeing this, some owners put more than 70% of the ownership of the old wartime building at No. 35 Bonham Road, Mid-Levels West, into the market in the form of joint sale. It is reported that the property is a Grade II historical building with an intended price of 142 million yuan.

Zhou Peishan, deputy sales director of the retail department of Centaline (Industrial and Commercial Shops), said that the project is located at No. 35 Bonham Road, West Mid-Levels, involving the basement, the first floor and the second floor, accounting for about 76.9% of the entire building. The price is negotiable . The area of the basement and basement of the property is about 1,600 square feet, the area of the first floor and the second floor are about 1,115 square feet, and the total floor area is about 5,430 square feet.

Zhou said that the property is now a 4-storey pre-World War II Western-style building, which was built in 1945 and is 77 years old. The site area of the project is about 1,648 square feet, and it was listed as a Grade II historic building on March 22, 2011. The exterior walls of the property are painted light green, and the building is 4 stories high, each floor is equipped with a large terrace, with a unique and elegant shape and unique artistic value. It is understood that a consortium is actively acquiring adjacent properties and has been approved for reconstruction. Among them, No. 24 to 30 Bonham Road has been approved to build a 27-storey residential building. It is expected that the project will be favored by developers and investors.

Disclaimer: All wordings and pictures which indicated 28HSE editor are the copyright of 28HSE LIMITED. Acknowledgement is required if other parts of this publication are used. The content is for reference only, does not constitute investment advice and it does not mean that 28HSE agreed the points. The area which show in the article is salable area if there is no special circumstances. The pictures is for reference also.

Share by Facebook

Share by Whatsapp

Share by email