Yongin Everland Station Retail Building Listed at KRW 540 Million With 6.7% Yield
A commercial unit near Everland Station in Yongin has been listed for KRW 540 million. The property sits by the main entrance of a new apartment complex, facing a major road and crosswalk. Its three-sided open layout supports visibility and tenant appeal. It suits convenience stores, coffee shops, bakery cafes, and chicken cafes.
A retail building near Everland Station in Yongin has emerged as a KRW 540 million income-property listing. Its core appeal is a projected yield in the 6.7% range and a three-sided open position facing roads. Located by the main entrance of a new apartment complex and in front of a crosswalk on a major road, the site can capture both resident demand and passing foot traffic.
Three-Sided Road Frontage
The property benefits from direct exposure to a main road and the daily movement of apartment residents. A crosswalk-facing storefront improves recognition for pedestrians and drivers, while three-sided road frontage increases sign visibility and access options. These physical conditions are important for early-stage neighborhood retail, where tenant mix can shape the future character of the commercial strip.
KRW 540 Million Price and 6.7% Yield
At KRW 540 million, a simple 6.7% yield calculation implies annual rental income of about KRW 36.18 million, or roughly KRW 3 million per month. Actual returns may vary depending on acquisition tax, brokerage fees, financing cost, vacancies, maintenance charges, and lease terms. Investors should verify title, permitted use, rentable area, vacancy in the surrounding area, and tenant sustainability.
Suitable Everyday Retail Uses
The location fits repeat-visit businesses such as convenience stores, coffee shops, bakery cafes, and chicken cafes. As occupancy in a new apartment complex rises, demand for daily retail services typically expands. The Everland Station area also combines local residential demand with leisure-related movement, creating different weekday and weekend sales patterns. In Korea’s commercial property market, rate pressure and vacancy risk remain key variables, but properties with station access, apartment frontage, main-road exposure, and multi-sided visibility are expected to retain selective investor demand.
Key points
- A commercial unit near Everland Station in Yongin has been listed for KRW 540 million. The property sits by the main entrance of a new apartment complex, facing a major road and crosswalk. Its three-sided open layout supports visibility and tenant appeal. It suits convenience stores, coffee shops, bakery cafes, and chicken cafes.
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FAQ
What is the asking price of the Everland Station retail property?
The asking price is KRW 540 million.
What yield is being presented?
The property is presented with a yield in the 6.7% range, though actual returns depend on financing, taxes, vacancy, and lease terms.
What businesses fit this location?
Convenience stores, coffee shops, bakery cafes, and chicken cafes are suitable because the site serves residents and pedestrian traffic.
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