Attributes

Gross Area (Approx. sq.ft.)

52,293

Year built

2009

Occupancy

100%

Parking spaces

Description

Located in a prime position within the Ma On Shan and Sha Tin district, the property is directly integrated with the Lake Silver residential development and is directly above the Wu Kai Sha MTR Station. The location enjoys strong connectivity, established community infrastructure, and a large, stable residential catchment that supports consistent daily footfall.

The Lake Silver Retail Podium benefits from a highly stable and essentials‑focused tenant mix, anchored by Day Day Fresh and supported by strong everyday‑use operators such as Mannings, A‑1 Bakery, TamJai Yunnan Mixian, and major property agencies. This composition aligns well with the needs of the surrounding residential community and supports consistent footfall. ESF on the 1/F further enhances income stability. With full occupancy and minimal near‑term lease rollover, the podium demonstrates strong income visibility and resilient performance within a mature neighbourhood retail market.

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Investment Highlights

MTR Connected Retail with Excellent Connectivity

The retail podium sits directly atop Wu Kai Sha Station on the MTR Tuen Ma Line, seamlessly linked to the concourse and public transport interchange. This ensures strong daily footfall from commuters, students, and nearby residents.

Established Catchment

Affluent and Surrounded by major residential estates including Lake Silver, Double Cove, Altissimo, Monte Vista, St. Barths, The Entrance and Lee On Estate etc, the area houses over 33,400 residents. The core demographic—middle‑class families and professionals—delivers strong spending power and a stable customer base.

Large Scale and Efficient Layout

Offering over 50,000 sq ft across ground and first floors, the podium features generous ceiling heights (4.6m G/F; 4.25m 1/F) and includes 20 commercial parking spaces, enhancing shopper convenience and tenant attractiveness

Fully Leased with Strong Income

The podium is 100% occupied, generating around HK$4.2 million in monthly rent. Tenants include Day Day Fresh, Mannings, A‑1 Bakery, Tam Jai, Yunnan Mixian, major property agencies, and an ESF international kindergarten—ensuring stability and resilience.

High Growth Potential from New Population

The nearby Sierra Sea development, the largest NT residential project in 25 years, will add approx. 9,700 units and over 20,000 residents. With move‑ins starting December 2025, this affluent influx will further boost retail demand and reinforce Wu Kai Sha as a daily shopping hub.

Facade Refresh

The vendor is undertaking a targeted façade enhancement, installing energy-efficient LED lighting and high-quality architectural cladding to modernise the shopfront, strengthen the property’s premium positioning, and increase its competitiveness for high-calibre tenants and discerning customers.