Approx. 110 Pyeong Land | Approx. 472 Pyeong GFA | 6 Floors + 2 Basement Levels | Fully Renovated
A renovated office building located in Yeoksam-dong, Gangnam-gu, Seoul, positioned between Yeoksam Station and Gangnam Station.
The property sits on approximately 365.3㎡ (110.5 pyeong) of land and provides approximately 1,561.35㎡ (472.3 pyeong) of gross floor area, arranged over 6 above-ground floors and 2 basement levels.
Originally completed in 1991, the building has been fully renovated and is currently maintained in clean condition, making it suitable for corporate offices, headquarters or investment purposes.
Property Overview
| Category | Details |
|---|---|
| Asking Price | KRW 20 Billion |
| Land Area | 365.3㎡ / Approx. 110.5 pyeong |
| Gross Floor Area | 1,561.35㎡ / Approx. 472.3 pyeong |
| Building | 6 Floors + 2 Basement Levels |
| Property Type | Office Building |
| Completion Date | January 1991 |
| Parking | 9 vehicles |
| Parking System | 8 Mechanical + 1 Self-Parking |
| Restrooms | 8 |
| HVAC | Individual Heating & Cooling |
| Occupancy | Immediately Available |
| Building Violation | None Reported |
Prime Location in Gangnam
The property is strategically located between Yeoksam Station and Gangnam Station, providing convenient access to the Teheran-ro business district and the wider Gangnam business area.
Yeoksam is one of Seoul’s established office districts, with a concentration of companies, startups, professional firms and commercial facilities.
Yeoksam Station on Subway Line 2 is approximately a 9-minute walk away, providing convenient public transportation access for employees and visitors.
Fully Renovated Office Building
Although the building was originally completed in 1991, it has undergone renovation work, resulting in a clean and modern exterior and interior environment.
The building features a relatively efficient rectangular floor layout, making it suitable for flexible office planning and workspace configuration.
Ceiling-mounted system air conditioning is also installed.
An additional advantage is the possibility of acquiring the existing tenant’s interior fit-out at no additional cost, subject to agreement and on-site confirmation. This may allow an incoming occupier to reduce initial fit-out and relocation costs.
Rental & Income Potential
Based on the property information provided, the current rental market indication for approximately 320 pyeong of exclusive space is approximately:
- Security Deposit: KRW 300 Million
- Monthly Rent: Approx. KRW 36 Million, including management fees
- NOC: Approx. KRW 110,000 per ㎡
For investment analysis, buyers should review the actual lease agreements, deposits, rental income, management fees, vacancy status and operating expenses before determining the property’s effective yield.
Key Investment Highlights
01. Fully Renovated
Renovated exterior and interior despite the building’s original 1991 completion date.
02. Walkable to Yeoksam Station
Approximately 9 minutes on foot from Yeoksam Station on Subway Line 2.
03. Between Yeoksam & Gangnam
Strategic location with convenient access to Gangnam’s major business and commercial districts.
04. Suitable for Corporate Use
A substantial standalone building that can be considered for headquarters or corporate office use.
05. Existing Interior Fit-Out
Potential to take over the current tenant’s interior, subject to agreement, reducing initial fit-out costs.
06. Established Office Market
Located within one of Seoul’s major office clusters, supported by demand from companies, startups and professional businesses.
Suitable For
- Companies seeking a Gangnam headquarters
- Investors looking for commercial real estate in Seoul
- Buyers seeking an office building near Yeoksam Station
- Owner-occupiers looking to reduce initial renovation costs
- Investors seeking long-term ownership of a Gangnam office asset
Asking Price: KRW 20 Billion
Land: Approx. 365.3㎡ (110.5 pyeong)
Gross Floor Area: Approx. 1,561.35㎡ (472.3 pyeong)
6 Floors + 2 Basement Levels
Approx. 9-Minute Walk to Yeoksam Station
For detailed property information, lease details and a private viewing, please contact Aman Real Estate.
Rental conditions, existing interior fit-out and other property information are based on the materials currently provided and should be independently verified through on-site inspection and relevant documentation prior to any transaction.
