{"id":2872,"date":"2026-09-18T04:35:06","date_gmt":"2026-09-18T04:35:06","guid":{"rendered":"https:\/\/amanre.com\/?p=2872"},"modified":"2026-09-18T04:45:27","modified_gmt":"2026-09-18T04:45:27","slug":"renovated-office-building-between-yeoksam-and-gangnam-krw-20-billion","status":"publish","type":"post","link":"https:\/\/amanre.com\/?p=2872","title":{"rendered":"Renovated Office Building Between Yeoksam and Gangnam \u2014 KRW 20 Billion"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

Approx. 110 Pyeong Land | Approx. 472 Pyeong GFA | 6 Floors + 2 Basement Levels | Fully Renovated<\/strong><\/p>\n\n\n\n

A renovated office building located in Yeoksam-dong, Gangnam-gu, Seoul<\/strong>, positioned between Yeoksam Station and Gangnam Station<\/strong>.<\/p>\n\n\n\n

The property sits on approximately 365.3\u33a1 (110.5 pyeong) of land<\/strong> and provides approximately 1,561.35\u33a1 (472.3 pyeong) of gross floor area<\/strong>, arranged over 6 above-ground floors and 2 basement levels<\/strong>.<\/p>\n\n\n\n

Originally completed in 1991, the building has been fully renovated<\/strong> and is currently maintained in clean condition, making it suitable for corporate offices, headquarters or investment purposes.<\/p>\n\n\n\n

Property Overview<\/h2>\n\n\n\n
Category<\/th>Details<\/th><\/tr>
Asking Price<\/strong><\/td>KRW 20 Billion<\/strong><\/td><\/tr>
Land Area<\/strong><\/td>365.3\u33a1 \/ Approx. 110.5 pyeong<\/td><\/tr>
Gross Floor Area<\/strong><\/td>1,561.35\u33a1 \/ Approx. 472.3 pyeong<\/td><\/tr>
Building<\/strong><\/td>6 Floors + 2 Basement Levels<\/td><\/tr>
Property Type<\/strong><\/td>Office Building<\/td><\/tr>
Completion Date<\/strong><\/td>January 1991<\/td><\/tr>
Parking<\/strong><\/td>9 vehicles<\/td><\/tr>
Parking System<\/strong><\/td>8 Mechanical + 1 Self-Parking<\/td><\/tr>
Restrooms<\/strong><\/td>8<\/td><\/tr>
HVAC<\/strong><\/td>Individual Heating & Cooling<\/td><\/tr>
Occupancy<\/strong><\/td>Immediately Available<\/td><\/tr>
Building Violation<\/strong><\/td>None Reported<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Prime Location in Gangnam<\/h2>\n\n\n\n

The property is strategically located between Yeoksam Station and Gangnam Station<\/strong>, providing convenient access to the Teheran-ro business district<\/strong> and the wider Gangnam business area.<\/p>\n\n\n\n

Yeoksam is one of Seoul’s established office districts, with a concentration of companies, startups, professional firms and commercial facilities.<\/p>\n\n\n\n

Yeoksam Station on Subway Line 2 is approximately a 9-minute walk away<\/strong>, providing convenient public transportation access for employees and visitors.<\/p>\n\n\n\n

Fully Renovated Office Building<\/h2>\n\n\n\n

Although the building was originally completed in 1991, it has undergone renovation work<\/strong>, resulting in a clean and modern exterior and interior environment.<\/p>\n\n\n\n

The building features a relatively efficient rectangular floor layout, making it suitable for flexible office planning and workspace configuration.<\/p>\n\n\n\n

Ceiling-mounted system air conditioning<\/strong> is also installed.<\/p>\n\n\n\n

An additional advantage is the possibility of acquiring the existing tenant’s interior fit-out at no additional cost<\/strong>, subject to agreement and on-site confirmation. This may allow an incoming occupier to reduce initial fit-out and relocation costs.<\/p>\n\n\n\n

Rental & Income Potential<\/h2>\n\n\n\n

Based on the property information provided, the current rental market indication for approximately 320 pyeong of exclusive space<\/strong> is approximately:<\/p>\n\n\n\n

    \n
  • Security Deposit:<\/strong> KRW 300 Million<\/li>\n\n\n\n
  • Monthly Rent:<\/strong> Approx. KRW 36 Million, including management fees<\/li>\n\n\n\n
  • NOC:<\/strong> Approx. KRW 110,000 per \u33a1<\/li>\n<\/ul>\n\n\n\n

    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.<\/p>\n\n\n\n

    Key Investment Highlights<\/h2>\n\n\n\n

    01. Fully Renovated<\/strong>
    Renovated exterior and interior despite the building’s original 1991 completion date.<\/p>\n\n\n\n

    02. Walkable to Yeoksam Station<\/strong>
    Approximately 9 minutes on foot from Yeoksam Station on Subway Line 2.<\/p>\n\n\n\n

    03. Between Yeoksam & Gangnam<\/strong>
    Strategic location with convenient access to Gangnam’s major business and commercial districts.<\/p>\n\n\n\n

    04. Suitable for Corporate Use<\/strong>
    A substantial standalone building that can be considered for headquarters or corporate office use.<\/p>\n\n\n\n

    05. Existing Interior Fit-Out<\/strong>
    Potential to take over the current tenant’s interior, subject to agreement, reducing initial fit-out costs.<\/p>\n\n\n\n

    06. Established Office Market<\/strong>
    Located within one of Seoul’s major office clusters, supported by demand from companies, startups and professional businesses.<\/p>\n\n\n\n

    Suitable For<\/h2>\n\n\n\n
      \n
    • Companies seeking a Gangnam headquarters<\/strong><\/li>\n\n\n\n
    • Investors looking for commercial real estate in Seoul<\/li>\n\n\n\n
    • Buyers seeking an office building near Yeoksam Station<\/li>\n\n\n\n
    • Owner-occupiers looking to reduce initial renovation costs<\/li>\n\n\n\n
    • Investors seeking long-term ownership of a Gangnam office asset<\/li>\n<\/ul>\n\n\n\n

      Asking Price: KRW 20 Billion<\/h3>\n\n\n\n

      Land: Approx. 365.3\u33a1 (110.5 pyeong)<\/strong>
      Gross Floor Area: Approx. 1,561.35\u33a1 (472.3 pyeong)<\/strong>
      6 Floors + 2 Basement Levels<\/strong>
      Approx. 9-Minute Walk to Yeoksam Station<\/strong><\/p>\n\n\n\n

      For detailed property information, lease details and a private viewing, please contact Aman Real Estate<\/strong>.<\/p>\n\n\n\n

      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.<\/em><\/p>\n\n\n\n

      \"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

      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\u33a1 (110.5 pyeong) of land and provides approximately 1,561.35\u33a1 (472.3 pyeong) of gross floor area, […]<\/p>\n","protected":false},"author":1,"featured_media":2870,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[138],"tags":[],"class_list":["post-2872","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-properties"],"_links":{"self":[{"href":"https:\/\/amanre.com\/index.php?rest_route=\/wp\/v2\/posts\/2872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amanre.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amanre.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amanre.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amanre.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2872"}],"version-history":[{"count":1,"href":"https:\/\/amanre.com\/index.php?rest_route=\/wp\/v2\/posts\/2872\/revisions"}],"predecessor-version":[{"id":2873,"href":"https:\/\/amanre.com\/index.php?rest_route=\/wp\/v2\/posts\/2872\/revisions\/2873"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amanre.com\/index.php?rest_route=\/wp\/v2\/media\/2870"}],"wp:attachment":[{"href":"https:\/\/amanre.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amanre.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amanre.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}