Disclaimer

The photographs, images, drawings or sketches shown in this advertisement/promotional material represent an artist's impression of the development concerned only. They are not drawn to scale and/or may have been edited and processed with computerized imaging techniques and are provided for reference purposes only. The color and all the fittings, finishes, equipment, layout, decoration, design, plants, landscaping, ornaments and facilities shown in the layout plan are for reference only and may not be appeared in the Development or nearby. They do not constitute and shall not be interpreted to constitute any offer, commitment, statement, or warranty whatsoever, whether express or implied and subject to the provision upon the date of occupation. The vendor also advises agents and prospective purchasers to conduct an on-site visit for a better understanding of the development site, its surrounding environment and the public facilities nearby.

Under the Government Lease and the approved building plans of the Development, the Development shall not be used for any purpose other than for industrial purposes. According to the Lands Department, permissible uses of a lot restricted for "industrial" purpose must involve a process of manufacturing and take place within the lot. The Vendor advises prospective purchaser to seek professional advice on permitted user of the Development. No warranty is given by the vendor on any other use of the Development and the purchaser shall conduct its own independent research and decide.

The Vendor reserves the right to amend the building plans and other plans of the Development from time to time. The design, detail plans and all information regarding areas of the Development is subject to the final plans approved by the relevant Government authorities. All layout, interior and exterior design, fittings and finishes and all provisions and usage as shown in this advertisement are subject to the final adjustment upon completion and do not constitute and shall not be interpreted to constitute any offer, commitment, statement or warranty whatsoever, whether express or implied, and subject to the final approval by the relevant Government authorities.

Date of Last Update: 20 September 2024

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Property Details

Address

550‭ ‬Castle Peak Road

Lot Number

The Remaining Portion of Section A of New Kowloon Inland Lot No‭. ‬1751‭,‬
The Remaining Portion of Sub-Section 1‭ ‬of Section A of New Kowloon Inland Lot No‭. ‬1751

Lease Term

Commenced on 1‭ ‬July‭ , ‬1898‭, ‬75‭ ‬years renewable for 24‭ ‬years‭. ‬less the last three days thereof‭. ‬The said terms are now extended until the 30th‭  ‬day of June 2047‭ ‬under Section 6‭ ‬of the New Territories Leases‭ (‬Extension‭) ‬Ordinance‭ ‬
‭(‬Cap‭. ‬150‭)‬

Primary Lease Restriction

Not for any purpose other than general industrial purpose‭ ‬

Total Number of Floors

25‭ ‬floors plus 2‭ ‬basement levels
‭(‬The above number of floor excludes the roof‭, ‬lift machine room floor‭, ‬electrical and mechanical room‭, ‬and top floor with roof‭)‬‭
(‬4‭/‬F‭, ‬13‭/‬F‭, ‬14‭/‬F and 24‭/‬F are omitted‭)‬

Workshop Gross Floor Area‭ (‬Typical Floor‭)‬

Approximately 1,784‭ ‬to 2,608‭ ‬square feet

Total number of Workshop

175

Total number of Parking Space

Private cars‭: ‬38‭, ‬Motorcycles‭: ‬4‭, ‬Light goods vehicles‭: ‬9‭, ‬Loading / unloading bays‭: ‬8

Management Fee

$2‭ ‬per square foot per month‭ (‬calculated in 2024‭ ‬based on the gross floor area‭)‬

Expected Completion Date

August 2025

Vendor

Prosper Way Limited

Holding Company of the Vendor

KaiLong Group

Unitas Group Company Limited

Disclaimer

The photographs, images, drawings or sketches shown in this advertisement/promotional material represent an artist's impression of the development concerned only. They are not drawn or shown to scale and/or may have been edited and processed with computerized imaging techniques, and are for reference only. They do not constitute and shall not be construed as constituting any offer, undertaking, representation or warranty, whether express or implied. The Vendor recommends prospective purchasers to visit the development site for on-site inspections to have a better understanding of the development site, its surrounding environment and nearby public facilities.