18 Bute Street – Prime Redevelopment Opportunity in Mong Kok, Kowloon

Overview:
18 Bute Street is a strategically located 5-storey commercial building in Mong Kok, rezoned from industrial to commercial use in June 2022 (approved by HK Lands Department). Ready for redevelopment, this property offers significant investment appeal.

Highlights:
•⁠ Manageable Investment Size: Gross Floor Area (GFA) ~13,000 sq. ft. (~1,207 sq. meters), offering an affordable entry point compared to larger buildings in the area.
•⁠ High Visibility & Foot Traffic: Located in a bustling commercial district with strong pedestrian flow, ideal for retail or office use.
•⁠ Outstanding Connectivity: Just 10 minutes drive to Central via Western Harbour Crossing; approximately 30 minutes to both Hong Kong International Airport and Queen Mary Hospital.
•⁠ Easy Public Transport: Only 10-minute walk from Prince Edward and Mong Kok MTR Stations.

Redevelopment Advantage:
•⁠ Rezoning and architectural planning complete, significantly reducing redevelopment time and complexity.

Pricing:
•⁠ HKD 26,930 per sq. ft. (Total: HKD 350 million).

Ideal for investors seeking a prime, manageable redevelopment project with excellent location and connectivity.