70-26 and other 4 lots, Mia-dong, Gangbuk-gu, Seoul, Seoul, 01215, KR

Mia-dong Parking Lots Site

Attributes

Land area gross

11,076 sf

Asking price

HK$129,997,000

Zoning

General Commercial Area

Offer structure

Unconditional offers invited

Asset Description

Pure land sale opportunity placed in Mia-dong, one of the main commercial area in Gangbuk region in Seoul. The asset has strong development potential for commercial and residential use. Gangbuk area keeps developing based on city government's policy to develop in equal among the city, related to 'New-Town' development plan around Gileum and Mia-dong area. Thanks to those plans, the target premise seems to be affected in positive way thanks to environment enhancement among the area. AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

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Investment Highlights

Mia-dong parking lots site is originally owned by department store nearby. Currently this asset is used as parking lots leased by hospital situated next. This land has strong potential to develop with its own locational advantage include public transportation, huge pedestrians flow, landlord favoured zoning etc. Additionally the premise doesn't have any risk for eviction of current tenant.