Hong Kong, New Territories, HK, APAC

JLL SOLE AGENT - Portfolio of Agricultural Lots in Cheung Chau & Chuen Lung

Attributes

Land area gross

51,364 sf

Zoning

Majority of Lots under "Green Belt" Zoning

Investment strategy

Opportunistic

Description

Portfolio of Agricultural Lots with potential for residential, religious institution and school use (subject to planning approval and lease modification).

To be sold as bundle: Total site area is approx. 51,364 sf.

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Investment highlights

Waterfront Agriculture Lot – Cheung Chau Lot No. 862 R.P.

(The Island consists of religious groups, NGO camps, and retreat centers, making it highly suitable for religious purposes.)

This agricultural lot is located at the waterfront of Cheung Chau Island, about 20 minutes’ walk from Cheung Chau Ferry Pier. Site area of 28,277 sf, under Green Belt zoning. To be sold on “as-is” and vacant possession basis. Subject to planning approval and lease modification (payment of land premium), the lot have potential to be used for “House”, “Residential Institution”, “Religious Institution”, “School”, etc.

Various Agriculture Lots (26 in total) – D.D. 360, Chuen Lung, Tsuen Wan

This batch includes 26 agricultural lots located in Chuen Lung of Tsuen Wan, which is about 12 minutes’ drive to MTR Tsuen Wan Station. Total site area is about 23,087 sf, most under Green Belt zoning and others under Other Specified Uses (RURAL USE) and Agricultural zoning. To be sold on “as-is” basis, partly on vacant possession and partly with the benefit of existing tenancies (tenanted by telecom companies). Subject to planning approval and lease modification (payment of land premium), the lots have potential to be used for “House”, “Religious Institution”, “School”, etc.