The latest asking price of "Chaogui Restaurant" in the Eastern District is 490 million yuan, which is about 32% off.

(Retrieved from Google Map)

[Reporter Xu Yiping/Taipei Report] At the beginning of the outbreak in 2020, it was published in the newspaper to sell the real estate "Chaogui Restaurant". It has been lowered three times in a row. In 2023, the latest asking price is reported to be 490 million yuan. Compared with the initial asking price three years ago, it is directly reduced by 810 million yuan, which is about 32% off.

According to the analysis of the real estate industry, even though the restaurant is located in the East District business district, the area of ​​the first basement floor is several times larger than that of the first floor. In addition, the epidemic has hit the street store business, and it is still recovering, which will be considered by potential buyers focus.

Back in February 2020, Hong Yongwei, the general manager of the restaurant who was listed in the newspaper to sell the restaurant, was interviewed by telephone. He revealed that due to the impact of the epidemic, the restaurant’s business was very bad and he was in a bad mood, so he thought about asking 1.3 billion yuan to sell the real estate in the newspaper.

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According to the cadastre data, the restaurant is located on the first and basement floors of the Phoenix Building on Section 1 of Dunhua South Road, Taipei City. The floor area is about 78 pings, and only nearly 44 pings have been registered, while the basement floor area is as high as 330 pings. Businessmen pointed out that if the original 1.3 billion yuan is used for calculation, the asking price per ping of the first floor will be as high as 12 million yuan, and the price of the first basement floor will be as high as 1 million yuan per ping.

At present, the latest price is 490 million yuan, and the asking price per ping of the first floor is about 4.56 million yuan, and the first floor of the basement is about 380,000 yuan per ping. The businessman said that due to the relatively limited use and mobility of the basement, potential buyers belong to a specific ethnic group.

The real estate industry pointed out that there used to be two restaurants, Yongfulou and Chaogui Restaurant, in the Eastern District, both of which had closed down. After the closure of Yongfulou, the landlord rented it to the chain clothing brand NET at a monthly rent of 3.2 million yuan, which was almost halved. The rent of stores in the eastern district has not yet returned to the previous unit rent price of 10,000 to 20,000 yuan per ping.

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