Sham Shui Po mall Golden Digital opens for sale
Agents say with refurbishment and tenant remix, the three-storey complex could provide a rental yield ranging between 2.5pc to 3pc
The three-storey retail complex known as the Golden Digital in Sham Shui Po has been put up for sale with an asking price of HK$900 million (US$115 million), or roughly HK$25,000 per square foot, according to agents.
The retail arcade at the intersection of Yen Chow Street and Fuk Wing Street could generate monthly rental income of up to HK$2.4 million after rebranding and tenant restructuring, said Alfred Wong Wing-chun, associate director of capital markets and investment services at Colliers International.
“The region is a famous hot spot for computers, electronics, accessories and food and beverage,” said Wong. “There is growth potential among young and high-spending customers with about 4,000 new flats completed within 1 kilometre of the mall. Walking to the nearby Sham Shui Po MTR station only takes about a couple of minutes.”
Also nearby is the campus of Savannah College of Art and Design, a US-based arts school located at the former magistrates’ court building, as well as the headquarters of the Garden Company, which has a pending application for redevelopment into a 25-storey commercial and office tower.
Another nearby attraction is the Golden Computer Centre, which is well known as a shopping hub for computers, games and digital cameras.