Live Deal Pipeline
Deal detail
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Office and neighbourhood living facilityNEWPublished real estate deal
Building near Sindang Station
Asset three minutes' walk from Sindang Station suitable for conversion into a hotel or rental dormitory
| Asset type | Office and neighbourhood living facility |
|---|---|
| Location | 461 Toegye-ro, Jung-gu, Seoul |
| Area | Site area: 479 sq m (approximately 145 pyeong); gross floor area: 3,835 sq m (approximately 1,379 pyeong) |
| Asking | KRW 33 billion (negotiable) |
| Target buyer | Investors seeking to develop (convert) a three-star hotel or rental dormitory near Sindang Station |
Investment highlights
- Three minutes' walk from Sindang Station, with good subway access to Dongdaemun, Euljiro, Myeongdong and Seongsu
- Approximately 110 keys if converted to a three-star hotel, or approximately 150 units if converted to a rental dormitory
- Twelve years since completion, with facility management standards and specifications well suited to a change of use
Deal partner
Kwangduk Seo, Partner