Unveiling Investment Secrets of a 1.3 Billion Won Small Building in Wangsimni's "Golden Five-Line Station Area" (ft. GTX Benefits, Quasi-Residential Zone, Remodeling)
A corner small building in a quasi-residential area near Wangsimni Station in Seongdong-gu, Seoul, has been traded for 1.3 billion won, drawing keen attention from investors. The core strengths of this transaction lie in its location within a "golden station area" served by five subway lines, GTX benefits, and the increased value due to remodeling. Like a "goose that lays golden eggs," let's explore the success factors of this transaction that simultaneously offered investors stable returns and future value.
"Super Station Area" with Five Lines, GTX Benefits Maximizing "Future Value"
The most significant advantage of this transaction is its location within a "super station area" served by five subway lines: Lines 2, 5, Gyeongui-Jungang, Bundang, and Dongbuk (planned). Furthermore, improved accessibility to Cheongnyangni Station, connected to the GTX, will further enhance the future value of the Wangsimni area. Like a "transportation hub in all directions," Wangsimni Station serves as a key hub that improves accessibility to all parts of Seoul.
- Super Station Area with Five Lines: Excellent transportation accessibility
- GTX Benefits: Improved accessibility to Cheongnyangni Station, maximizing future value
- Transportation Hub in All Directions: Excellent accessibility to all parts of Seoul
"High Usability" in Quasi-Residential Zones, "Securing Visibility" in Corner Locations
The Wangsimni Station area is a quasi-residential zone with a high land utilization rate, applying a building-to-land ratio of 60% and a floor area ratio of 400% (based on Seoul City ordinance). Additionally, corner locations improve building visibility, making it advantageous for attracting tenants. Like a "golden ratio," quasi-residential zones and corner locations are optimal conditions for maximizing building value.
- Quasi-Residential Zone: High land utilization rate
- Corner Location: Excellent visibility, easy tenant attraction
- Golden Ratio: Maximizing building value
Wangsimni Newtown, Food Alley "Abundant Rental Demand"
The development of Wangsimni Newtown and the formation of a food alley create abundant rental demand. Furthermore, diverse background demands, such as the Seongdong-gu Office and office commercial areas, ensure stable rental income. Like a "golden commercial area," the Wangsimni area is an attractive investment destination that provides stable returns to investors.
- Wangsimni Newtown, Food Alley: Abundant rental demand
- Diverse Background Demand: Stable rental income
- Golden Commercial Area: Stable investment destination
Remodeling, Full Occupancy "Stable Returns"
Building value was enhanced through interior and exterior remodeling in 2018, and it is currently fully occupied with clean businesses such as coffee shops and studios. This provides investors with stable monthly rental income. Like a "golden fruit," remodeling and full occupancy provide investors with stable returns.
- Remodeling: Enhancing building value
- Full Occupancy: Stable monthly rental income
- Golden Fruit: Stable investment returns
Future Outlook and Precautions
The Wangsimni Station area is expected to see its future value further increase due to various development benefits such as GTX benefits and new town development. However, before investing, it is essential to carefully check various factors such as surrounding market prices, rental demand, and development plans. Furthermore, investment decisions should be made carefully, tailored to investment goals and financial plans. Like a "golden compass," thorough analysis and planning are essential conditions for successful investment.
