13-15 Pennington Street, Causeway Bay

[Sole Agent] BIZ AURA

Attributes

Building area gross

3,354 m²

Land area gross

224 m²

Year renovated

2022

Year built

1994

Asking price

€48,515,000

Call for offers

24/03/2026

Description

BIZ AURA is strategically located on Pennington Street in Causeway Bay, at the heart of shopping, sightseeing, and business on Hong Kong Island. Just three minutes away to the Causeway Bay MTR station, the area is easily accessible by various modes of transportation. It boasts a diverse array of businesses, fashion outlets, and lifestyle options, complemented by a wide range of dining and culinary choices, thereby enhancing the cost-effectiveness of the work environment for tenants and improving employees' work-life balance.

It comprises 25 levels, including 20 office floors and 5 floors dedicated to commercial retail. Lease terms offering an extraordinary tenure of 999 years, underlining its long-term value.

...

Investment Highlights

HK Prime Location - Prime MTR-connected, high-demand location, limited supply, strong rental upside, compelling core investment.

Immediate Cash Flow - Immediate rental income delivers prompt, stable cash flow—covering costs and boosting yields without waiting for appreciation or repositioning.

Comprehensive Provisions - Modern facilities: high-speed fiber, reliable water/electricity, efficient exhaust, and smart systems— ensuring uptime, sustainability, and tenant satisfaction.

Modern and stylish lobby - The lobby's design is elegant, using topnotch materials. The soft lighting creates a tasteful and fashionable atmosphere, attracting more tenants and customers.

Clearly Defined Purpose - Separation of commercial floors and office use, along with an exclusive lift for retail, avoids burdening the major lifts during peak hours.

Former Hotel Property - A former hotel property with 79- rooms offers ready-built infrastructure, ideal for rapid conversion to student housing, reducing apex and uncertainty.

Transaction support - Alibaba’s HK$26,000/psf Causeway Bay purchase validates pricing and boosts market confidence for prime CBD office transactions.