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Reporter Chen Weifan/Reporting from Taipei
▲The 8th floor of the Wannian Building is for sale for RMB 280 million. It is currently rented by a sauna and warmer operator. The real estate agent estimates that there should be room for negotiation. (Image/Photography by Reporter Chen Yi)
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The rental price for the 8th floor of Wannian Building in Ximending is RMB 280 million! A sales document appeared on 591 Commercial Real Estate, “Ximending Landmark Wannian Commercial Building” was listed for 280 million, with a land area of 388.13 square meters and a building age of 50 years. According to Sanli News Network, this floor is currently open for 24-hour sauna operation. The owner may want to take advantage of the market recovery and sell it with a lease.
“Wannian Building” is one of the index buildings in Ximending. Taiwan House Ximen Franchise Store stated that the first to fourth floors of the building are home to shopping malls, mainly department stores, clothing and model companies. Businesses above the fifth floor include amusement parks and hotels. Companies, cinemas, internet cafés, etc. have almost all been rented stably for many years. Only the 8th and 9th floors were originally rented by the same cinema. Later, after the 8th floor was rented, it was rented by a sauna and heat company.
Zhang Xulan, CEO of Taiwan Housing Group Trend Center, said that the Wannian Building in Ximending has been known for many years. He said rental demand is stable and few landlords have released sales, especially now that the rush in the business district continues to return after the epidemic, and it has gradually returned to its former glory. As long as there are objects released, it will attract the attention of many high-net-worth individuals, and Wannian Building is no exception.
According to the actual price registration, there have only been two records of the Wannian Building over the years. The first was in February 2022. The 7th floor had a total area of 363.7 square meters and the monthly rent was 350,000 yuan, the rent per square meter was less than a thousand yuan; the other was In May 2022, on the 8th floor, which is now rumored to be for sale, 333.8 square meters (excluding the shared use part) is rented by a sauna and heat operator at a monthly rent of 450,000 yuan. The rental price for the unit is approximately 1,349 yuan/square meter.
Zhang Xulan analyzed that based on the current online sales price of 280 million and the monthly rent of 450,000, the annual return is about 1.9%. However, in the market, the return generally expected by property buyers is at least about 2-2.5%, that is, if the price is reduced to 2%, the price of the project can be reduced by about 20 million, which means that it is sold at a price of less than 260 million, which is easier to attract investors.
Although the Wannian building in Ximending is old, most of the owners have owned it for a long time and the tenants have high stability. According to cadastral data, an individual named Liu bought it on the 8th floor in 2011 and held it for more than 10 years. He is also currently There is no loan and the household registration is located on Ren’ai Road, Xinyi District. It is obvious that the owner of the home has significant capital and is likely an experienced real estate investor.
Zhang Lingyu, deputy director of the First Economic Research Center, said that although most of the stores are currently small stores, after renting a commercial space with a large square footage, it is likely to be a long-term operation. Decoration costs and customer source management, most of them of which are for one-time use. The contracts signed all have a term of 3 to 5 years, so selling with a lease has become the biggest incentive to attract investors.
▲ Sanli News Network reminds you:
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