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Proposal of New Tsuen Wan District Office(v.4)

Proposal of New Tsuen Wan District Office(v.4)

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Published by: api-9998671 on Apr 16, 2009
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05/11/2014

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Proposal of Tsuen Wan District Office
Introduction
In consideration of the transportation networks, location and rental level, three buildings, which were 88 Kwai Cheong Road (KC88), Manhattan Centre (MANC) and Prosperity Centre
(PROS), all are under our management located near Kwai Hing MTR Station and Kwai Fong MTR Station respectively, are selected to establish our Tsuen Wan District Office.
88 Kwai Cheong Road (KC88)
Manhattan Centre (MANC)
Prosperity Centre (PROS)
Unit
803
1701
1110
1113
1003
Area (sq. ft.)
1,138
1,183
975
975
1,230
Asking Rental (HK$)
11,380 (@10)(inclusive)
14,196 (@12)(inclusive)
10,725 (@11)
10,300 (@10.56)
13,530 (@11)(inclusive)
Mgt Fee (HK$)
-
-
1,755
1,755
-
Gov\u2019t Rates (HK$)
-
-
600 (estimate)
530 (estimate)
-
Total (HK$)
11,380
14,196
13,080
12,585
13,530
Estimated Initial
Setup Cost (HK$)
340,000
340,000
350,000
350,000
240,000
Interior Conditions
\ue000

Fair with open view.
Old carpets and
furniture left.

\ue000
Have one internal
toilet and two rooms.
\ue000
Split-type air-
conditioners.
\ue000
Fair and have two
toilets.
\ue000
Split-type air-
conditioners.
\ue000
Fair condition.
\ue000
Old false ceiling and
carpet left.
\ue000
Split-type air-

conditioning system with four nos. of fan coil units provided.

\ue000
Bareshell condition.
\ue000

Split-type air-
conditioning system
with four nos. of fan
coil units provided.

\ue000
Facing Tai Lin Pai
Road with open view.
\ue000

Bareshell, the landlord will provide fancoil units, false ceiling, floor carpets and repaint the walls. It is estimated that about HK$110,000 of the initial setup cost can be saved in comparing with leasing units of other two buildings.

\ue000
1-mth rent-free will be given, effective rent is
HK$10.55 psf at total of HK$12,967 pm.
\ue000
Facing Kwai Fung Crescent with building view.
Location of KC88 & MANC
KC88
Location of PROS
Recommendations
Subsequent to reviewing several factors, Unit 1003 of Prosperity Centre is recommended to be the new
Tsuen Wan District Office with the following reasons:
\ue000
Just a 5-minute walk to Kwai Fong MTR Station.
\ue000
The Main Lobby is newly renovated and every typical floor lobby is being carried out the
refurnishing work.
\ue000
The landlord bears the cost of sub-division of units and provide false ceiling, floor carpets,
painted walls and fancoil units, so we can save about HK$110,000 of the initial setup cost.
\ue000
Efficiency at about 75% higher than MANC and KC88 which are at about 60-65%. It can
provide extra space for expansion purpose.
\ue000
One-month rent-free can be given by the landlord, so the effective rent is at HK$10.55 psf
inclusive and the total monthly rental is at HK$12,967.

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