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PostPosted: Thu Sep 06, 2012 8:57 am 
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Lamcombe Seafood Rest. has closed down in an extremely low-key way on Sep 2, informing only very few people.

The last message in this topic, 2 years ago, was when the former Lamcombe management and staff had to hand over the rest. back to the landlord who hoped to make more money by running it themselves. They tried and failed, handing it over to a Mainland tenant who also tried to recover the former fame of the place as probably the best Chin. seafood rest. in North Lamma.

They've also given up now, closing down on Sunday evening unexpectedly, to the big surprise of almost everybody, even their neighbours, doing a quick garage sale to some of the other Chin. restaurants, leaving Lamma. Shutters closed, no notice at all.

We found out only the next day, Mon, at dinner in Andy's seafood, and I quickly took a few photos of the formerly famous seaside terrace, location of so many parties and seafood feasts over the years.

In the meantime, the former Lamcombe management - Andy & Elizabeth - and several of their former staff have opened up Sau Kee Andy's Seafood next door, and made a big success of it in just 2 months - after a few initial problems, all solved now, we think. It's become the only (?) Chin. YSW restaurant that needs reservations on Saturday nights. But they've always liked their former Lamcombe location, with a bigger kitchen and much lower rent.

See my favourite Andy's Seafood dish below, basically a complete meal for 2-3 people, a Chin. surf 'n' turf & mixed veggies, for below $100.

So who'll take over the old Lamcombe, the landlords might urgently be looking for new tenants, probably at a new-record rent?


Attachments:
File comment: Duck leg, pork, liver, shrimps, squid, 4 veggies
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File comment: "No Trepassing", whatever that might mean.
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Last edited by Lamma-Gung on Thu Sep 13, 2012 1:50 pm, edited 1 time in total.
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PostPosted: Thu Sep 06, 2012 2:14 pm 
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Sounds like they have done a runner!


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PostPosted: Thu Sep 06, 2012 3:05 pm 
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We don't know that, they might just have told their landlord and a few other people about the closure, not bothering with a farewell party or any notices.

Does anybody know more? I've not been successful so far to get the facts, not having any contacts with the landlords for first-hand or at least 2nd-hand info, instead of all the rumours flying around.

I'm more interested in who'll rent it and reopen the place at such a great location.
Another actually affordable, non-touristy, medium-level Chin. rest. would be welcome and find eager local customers, I think.

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PostPosted: Thu Sep 06, 2012 3:36 pm 
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I said it sounds like, not thats what happened!


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PostPosted: Thu Sep 06, 2012 4:32 pm 
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The place might be up for sale, not just for rent, maybe.

Great location and seaview, it might probably go for a new record price at the current all-time record peak of the property market, best time to sell and worst time to buy.

I've had 3 different parties ask me a few months back about potential locations to open up new restaurants in YSW, they might still be eager....

Anyway, buy or rent, it might reopen pretty soon as something completely different, another arts & crafts shop maybe? :roll:

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PostPosted: Thu Sep 06, 2012 6:01 pm 
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Terriff! I can just see it now, an ArtyCrafty shop that has 3 floors dedicated to something like Dried Flowers or books entirely dedicated to Astronomy!

Just what Lamma needs at the moment. :roll:


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PostPosted: Thu Sep 06, 2012 7:21 pm 
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Of course they could also sell bikes! They'll be loads of places to park them shortly.


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PostPosted: Fri Sep 07, 2012 12:21 pm 
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On a serious note what we do really need is a shop devoted to cats. Or a Thai restaurant. Preferably on back street next to the other three.


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PostPosted: Fri Sep 07, 2012 1:27 pm 
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Lamma-Gung wrote:
The place might be up for sale, not just for rent, maybe.

Great location and seaview, it might probably go for a new record price at the current all-time record peak of the property market, best time to sell and worst time to buy.


So it's likely to be empty for months or years, as the the estate agents encourage the owners try set a Lan Kwai Fong price that no one is stupid enough to pay, while they point to it as a reason everyone should pay Mid-Levels prices for their dinky village houses.

I hope I can survive till this bubble breaks. I'll be living in an overturned hulk on PSB next year otherwise.


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PostPosted: Sat Sep 08, 2012 4:19 pm 
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Latest UNCONFIRMED rumour going around:

Just sold for $12 million, the owners wanted 13.
For such an ancient building, a new record price?

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PostPosted: Sun Sep 09, 2012 9:57 am 
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I heard owners upped the rent to 60K a month, that's why restaurant shut down. No wonder.


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PostPosted: Sun Sep 09, 2012 4:59 pm 
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Danielh9 wrote:
I heard owners upped the rent to 60K a month, that's why restaurant shut down. No wonder.


That's a fair valuation for an investment of £1,000,000.

But who will pay it?


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PostPosted: Fri Sep 14, 2012 10:53 am 
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Thanks, Marc. This is dated Feb 2011 and we've seen it before, but no news on the pending harbour reclamation since then. Following up with the dept. now....

By the way, the bidding war still seems to be going on for the ancient Lamcombe building, probably going far beyond any potential profits any regular business could make in that venue. Maybe the buyer will tear it down and rebuild it, like several other buildings along Main Street, or re-open the renovated house as something completely different from a restaurant.

Latest unconfirmed figure (from a local source) in the bidding war:
$16 million, offered by a Westerner...

If you want to join the bidding war, call the number below, prominently displayed twice on the closed Lamcombe shutters:


Attachments:
File comment: Lamcombe for lease/sale
!DSC06874.jpg
!DSC06874.jpg [ 82.99 KiB | Viewed 722 times ]

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PostPosted: Tue Sep 25, 2012 10:22 am 
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Final offer in the bidding war:
Going, going, gone...

$16 million, paid by a Westerner with kind of spiky hair, a buzz cut with a flat top, no name.... Anybody know this guy?0

I'm wondering what it'll reopen or be redeveloped as?
Maybe redecorated as a non-Chinese restaurant, rebuilt as high-class residential with seaview terrace, our first shopping mall,....

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PostPosted: Fri Oct 05, 2012 11:10 pm 
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With your description, sounds like it will be opening as a speakeasy.


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