The three major causes of death retail downturn in Tai Hang. Today’s registration HKD 9.8 million

The three major causes of death retail downturn in Tai Hang. Today’s registration HKD 9.8 million, Shepherd Street, Tai Hang (formerly a car beauty shop), vendor HK$200,000 after holding the shop for 13 years! The original asking price was HK$24 million, reduced price by 59%😱😱, and the transaction was HK$9.8 million! Score 7.5 points out of 10.

Shop A1 on the ground floor of No. 9-11 Shepherd Street, Tai Hang, and is cockloft. It has a grods area of ​​about 600 sq feet, a usable area of ​​about 390 sq feet, a door width of about 13 feet and a depth of about 30 feet. The registered transaction price was HKD 9.8 million. The previous tenant Car beauty, the former rent was HK$27,000, the former return rate was about 3.3% annually, and the building is 45 years old. Vacant now.

The vendor bought it for HKD 10 million in July 2010 and held it for 13 years, a decrease of 2%. The latest signing date is December 22, 2023.

The original owner's surname is Liu and the new buyer's surname is Pong. They should not be connected parties.

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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:

For Sale:
https://bwfund.com/listing-category/buy/

For Lease（Service Shop）：
https://bwfund.com/all-properties/?s=...

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 (+852)9311 9274 ，Marc 6092 6444，Joe 9250 6708，Desmond 9660 2253，Ashley 5464 7070，Cherry 6353 4437。Office (+852)2830 1111

www.bwfund.com

Edwin Lee's personal webpage:
https://www.edwinlee.com.hk

Edwin Lee's fan page about entrepreneurship in Facebook (Cantonese):
  / edwinnetwork  

Edwin Lee's fan page about shop investments in Facebook (Cantonese):
  / edwinprimeshop  

Edwin Lee's youtube channel (Cantonese):
   / @edwinleekanhing  

Xiaohungshu (Putonghua)： http://bit.ly/edwinxiaohongshu

IG (Cantonese): https://bit.ly/edwinlee122

Linkedin (English): https://bit.ly/edwinleelinkedin

To contact Dr. Edwin Lee, Founder and CEO of Bridgeway Prime Shop Fund, please whatsapp (+852) 90361143