Proposal of Tsuen Wan District Office

Introduction

In consideration of the transportation networks, location and rental level, three buildings, which were 88 Kwai Cheong Road (KC88), Manhattan Centre (MANC) and Prosperity Centre
(PROS), all are under our management located near Kwai Hing MTR Station and Kwai Fong MTR Station respectively, are selected to establish our Tsuen Wan District Office.

88 Kwai Cheong Road (KC88) Manhattan Centre (MANC) Prosperity Centre (PROS)

Unit 803 1701 1110 1113 1003

Area (sq. ft.) 1,138 1,183 975 975 1,230
Asking Rental (HK$) 11,380 (@10)(inclusive) 14,196 (@12)(inclusive) 10,725 (@11) 10,300 (@10.56) 13,530 (@11)(inclusive)
Mgt Fee (HK$) - - 1,755 1,755 -
Gov’t Rates (HK$) - - 600 (estimate) 530 (estimate) -
Total (HK$) 11,380 14,196 13,080 12,585 13,530
Estimated Initial
340,000 340,000 350,000 350,000 240,000
Setup Cost (HK$)
 Fair with open view.  Fair and have two  Fair condition.  Bareshell condition.  Bareshell, the landlord will provide fancoil units,
Old carpets and toilets.  Old false ceiling and  Split-type air- false ceiling, floor carpets and repaint the walls. It
furniture left.  Split-type air- carpet left. conditioning system is estimated that about HK$110,000 of the initial
 Have one internal conditioners.  Split-type air- with four nos. of fan setup cost can be saved in comparing with leasing
Interior Conditions
toilet and two rooms. conditioning system coil units provided. units of other two buildings.
 Split-type air- with four nos. of fan  Facing Tai Lin Pai  1-mth rent-free will be given, effective rent is
conditioners. coil units provided. Road with open view. HK$10.55 psf at total of HK$12,967 pm.
 Facing Kwai Fung Crescent with building view.
 Location of KC88 & MANC

KC88

Location of PROS
Recommendations
Subsequent to reviewing several factors, Unit 1003 of Prosperity Centre is recommended to be the new
Tsuen Wan District Office with the following reasons:

 Just a 5-minute walk to Kwai Fong MTR Station.

 The Main Lobby is newly renovated and every typical floor lobby is being carried out the
refurnishing work.
 The landlord bears the cost of sub-division of units and provide false ceiling, floor carpets,
painted walls and fancoil units, so we can save about HK$110,000 of the initial setup cost.
 Efficiency at about 75% higher than MANC and KC88 which are at about 60-65%. It can
provide extra space for expansion purpose.
 One-month rent-free can be given by the landlord, so the effective rent is at HK$10.55 psf
inclusive and the total monthly rental is at HK$12,967.
Unit 1003
Area : Gross Area is 1,230ft2
Rental : HK$13,530 (@HK$11) inclusive
Management Fee : -
Government Rates : -

 Bare shell conditions

Interior Conditions :  Central Air-conditioning System
 Facing Kwai Fung Crescent with building view

Current Conditions