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The Metropole Hotel / Belle View Hotel / North Point Hotel, North Point [1898-????]
As Moddsey guessed, this was built where the Metropole Building stands today. The site was bigger then, stretching from King's Road (then the seafront) back to today's Ming Yuen mansions on Peacock Rd.
The notice of the sale gives the lot as IL 1705, which fortunately can still be found on map.gov.hk.