[JLL Sole Agent] MPM Plaza, Mong Kok_Property for Sale

240-244 Portland Street, Mong Kok, Kowloon, Hong Kong

[JLL Sole Agent] MPM Plaza, Mong Kok

Description

JLL, as the sole agent, is pleased to present the exceptional opportunity to acquire MPM Plaza, a prime value add retail podium located above Mong Kok MTR station.

MPM Plaza currently features a diverse tenant mix primarily comprised of food and beverage outlets alongside mid-tier retail brands, and experiential shops. Anchored by an impressive line-up of tenants that include McDonald's, SaSa, and Don Don Donki, and 2 Cafe, comprising more than 94,000 square feet of retail space.

Currently 92% leased, the new owner can capitalize on a strong location profile, highly recognizable branded tenants, value add upgrade works, while enjoying the flexibility to re-envision the property's potential.

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Attributes

Building area gross

8,748 m²

Occupancy

92%

Year built

1970

Media

Investment Highlights

Highest Foot Traffic in Hong Kong: Location benefits from Hong Kong's highest pedestrian foot traffic, drawing a consistent blend of tourists and local residents.
Excellent Connectivity: Strategically positioned directly above Mong Kok MTR station (Exit E), the property offers unparalleled transportation access with immediate proximity to a dedicated taxi stand, multiple bus terminals, and mini bus stops.
Nestled in Prime Urban Setting: Its prime urban setting is enhanced by proximity to Grade A commercial properties, including the prestigious Langham Place Office Tower.
Redevelopment Opportunity: There is a potential for redevelopment into a Ginza style commercial and retail asset by further amalgamating remaining units in the building.