18 Bute Street – Prime Redevelopment Opportunity in Mong Kok, Kowloon

Overview:
18 Bute Street is a strategically located 5-storey, en-bloc property in Mong Kok. A Lands Department lease-modification letter issued in June 2022 permits non-industrial uses. The building is vacant and ready for redevelopment.

Highlights:
• Manageable Investment Size: Gross Floor Area (GFA) 12,938 sq ft (≈ 1,202 sq m), offering a whole-block play at an accessible scale.
• High Visibility & Foot Traffic: Positioned in one of Hong Kong’s busiest districts with strong pedestrian flow.
• Outstanding Connectivity: About 10 minutes’ drive to Central via the Western Harbour Crossing; roughly 30 minutes to both Hong Kong International Airport and Queen Mary Hospital.
• Easy Public Transport: Approximately 5–7 minutes on foot to Prince Edward and Mong Kok MTR stations.

Redevelopment Advantage:
• Lease-modification premium already paid and preliminary planning work completed, reducing redevelopment time and complexity.

Pricing:
• HKD 27,050 per sq ft (Total: HKD 350 million).

Ideal for investors seeking a prime, manageable redevelopment project with excellent location and connectivity.