HONG KONG, March 25, 2014 /PRNewswire/ -- Cushman & Wakefield, the world's largest privately-held commercial real estate services firm, has been appointed as the sole agent for the sale of the residential site of 18 Ventris Road in Happy Valley, with an approximate value of HK$170 million.
This property site has a net area of 1,237.6 sq. ft with a maximum plot ratio of approximately 3.6 (subject to government approval), which can be redeveloped to a GFA 4,455 sq. ft. Formerly the site of a four-storey residential block which was since demolished, the property is now an ideal long-term investment or development for self use.
Angel Law, Executive Director of Residential for Cushman & Wakefield Hong Kong said, "Located in the traditional luxury residential area, this is an exceptional opportunity in Happy Valley for investors. The site offers a prestigious lifestyle environment, with the Race Course in close proximity, as well as The Leighton Hill, Winfield Building, Broadwood Twelve and other luxury complexes nearby. The property is also conveniently located with easy access to Causeway Bay within 10 minutes and the Central business district in a 15-20 minutes' drive. In view of the pressing requirements of residential and serviced apartment developments in Happy Valley, I believe that this site will attract significant interest from buyers, developers and investors."
