JLL today announced it has been appointed as the auctioneer for the sale of a building
News release
16 May 2023
Property at To Kwa Wan Road in Kowloon for Auction
Hong Kong, May 17, 2023 – JLL today announced it has been appointed as the auctioneer for the sale of a building at Nos.72, 74 and 76 Lok Shan Road and Nos. 72, 72A, 72B, 72C, 74, 74A, 74B, 76, 76A and 76B To Kwa Wan Road in Kowloon by public auction pursuant to an Order for Sale made by the Lands Tribunal under the Land (Compulsory Sale for Redevelopment) Ordinance.
The public auction will be held at 11am on 8 June 2023 (Thursday). The Property has a reserve price of HKD1.071 billion.
The Property is an eight-storey commercial and residential composite building and is served by four common staircases. The ground floor has 10 shops for non-domestic use and 3 tenements for domestic use. The first to seventh floors have 13 tenements per floor for domestic use.
The site is zoned as "Residential (Group A)" under draft Ma Tau Kok Outline Zoning Plan No. S/K10/29. It has a site area of 10,287 sq ft.
The Property is being sold partly with vacant possession and partly subject to existing lettings, tenancies and licences (if any) and on an 'as is' basis but subject to the existing building orders and notices.
The public auction will be held at the JLL office, 7/F One Taikoo Place, 979 King's Road, Quarry Bay, Hong Kong.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.