Exclusive portfolio of prime industrial units in Tai Kok Tsui up for sale

HONG KONG, 14 April 2026 – JLL has been appointed by the owner as the sole agent for the sale of an exclusive portfolio of premium industrial units at Wai Yick Industrial Building, located at 101 Bedford Road, Tai Kok Tsui. The portfolio is offered for sale on an as-is basis with existing tenancies, with an estimated market value of approximately HKD 62 million.

Set within the 15-storey Wai Yick Industrial Building, the portfolio comprises 11 units with a total gross floor area of approximately 24,552 sq ft (including a flat roof). The units are located on the 1st to 4th floors (including a 817 sq ft flat roof), the 5th to 7th floors, the 9th floor, and the 11th to 13th floors. Individual unit sizes range from approximately 1,870 to 2,925 sq ft, with ceiling heights of approximately 2.89 metres and a floor loading capacity of approximately 150 lbs per sq ft. Benefitting from a prominent corner position and expansive windows, the units enjoy abundant natural light. The largely column-free floor plates provide regular, open layouts that are highly efficient and versatile. In addition, the building façade has undergone a comprehensive renovation, giving it a refreshed and modernised appearance.

The building occupies a prime location within Tai Kok Tsui's core urban renewal area. Several major redevelopment projects by the Urban Renewal Authority and private developers have been completed nearby, including One Bedford Place, Two Bedford Place and Kowloon Investment Building, reinforcing the district's increasingly vibrant industrial and commercial character. In terms of connectivity, Prince Edward and Olympic MTR stations are within a 10 to 15-minute walk, with multiple bus routes serving the area. The neighbourhood is also well established, offering a wide range of lifestyle amenities including restaurants and supermarkets.

The portfolio currently enjoys an occupancy rate close to 100%, providing buyers with immediate and stable rental income upon acquisition. Recent transactions of comparable units within the same building have recorded steady price appreciation, reflecting strong market confidence in premium industrial properties in Tai Kok Tsui. The sale therefore presents a valuable opportunity for buyers seeking both secure cash flow and long-term capital appreciation.

Eugene Wong, Director, Capital Markets at JLL, said: "As one of Hong Kong's key urban renewal districts, Tai Kok Tsui continues to attract active participation from developers, driving significant growth in both business activity and pedestrian flow within the area. With the district rapidly transforming into an emerging commercial hub, the supply of traditional industrial buildings has been tightening, further supporting the upward trend in industrial property prices. For instance, recent transactions of comparable units within the same building have exceeded HKD 2,500 per sq ft, underscoring the strong market demand for industrial space in Tai Kok Tsui. Boasting an occupancy rate close to full and being sold with existing tenancies, this exclusive, high-quality portfolio presents buyers with an immediate and stable investment return. Together with the district's long-term capital appreciation potential, the offering is expected to attract strong interest from both long-term investors and owner-occupiers."

For more information, please contact Mr Wong at 9018-3707 or via email at Eugene.wong@jll.com