The Property is a 6-storey boutique hotel featuring a stylish industrial design. The ground floor comprises shops and a lift lobby, while each upper floor offers a floor area ranging from approximately 2,977 to 3,223 square feet, with a floor-to-floor height of around 3.353 metres, providing a spacious environment. The property converted into hotel in 2017 and undergone substantial renovation works, resulting in a modern and refreshed interior with a distinctive industrial aesthetic. Conveniently located near Ngau Tau Kok MTR Station, the Property enjoys excellent connectivity and accessibility.

Mr. Tommy Chan, Senior Director and Deputy Head of Investment & Sales at Savills Hong Kongsaid, “The hotel Property currently offered for sale presents attractive investment potential. With the government actively promoting the Hostels in the City Scheme and proposing an increase in non-local student quotas in the Policy Address, market demand for student accommodation is expected to rise significantly. This Property holds strong potential for conversion into a student hostel, with the possibility of accommodating up to 174 beds (subject to professional advice). Minimal alterations would be required, allowing for swift operational readiness. The owner's indicative price is approximately HKD 138 million, with an estimated stable return of over 6%. This is a rare opportunity in the market, offering investors a promising asset with strong upside potential.”