Colliers International has been appointed to sell the property at 199 Queen's Road West in Hong Kong for an asking price of HK$450 million ($58.1 million).
The property is located on the west side of Hong Kong Island, with 23 floors and a total construction area of approximately 26,779 square feet. The property is now a hotel with 40 rooms.
Huang Yingjin, director of Colliers International Capital Markets, said, “Since the opening of the MTR West Island Line, the Xiyingpan area has changed greatly. In the past, medicine stores, paper shops, old grocery stores and tenements were gradually acquired or developed into high-end residential properties such as Soho 189 and Jincheng Peak; property prices have repeatedly hit new highs.”
The property for sale is the entire building at 199 Queen’s Road West, close to Exit A1 of the Xiyingpan MTR Station.
The owner bought it in 2004 and converted it into a hotel for more than 10 years. “New buyers can renovat
