Most storefronts on the market yield only 2–3%, and come as empty units you must lease up yourself. This one is different — 17 units fully leased, ~NT$1.92M annual rent, ~6% gross yield, with rent landing in full from the month after handover. A ready, stable, long-hold income asset.
The return has two parts: a stable ~6% annual rent (outperforming deposits and most financial products), and — being near Jiangzicui MRT, in a prime location with active urban-renewal momentum nearby — value retention, so principal is unlikely to erode. The rent is a steady net gain, and the asset itself holds its ground.
Most storefronts are empty or owner-occupied; after purchase you must lease up, fit out, and endure the vacancy gap. Here, 17 units are already leased, NT$160K/month, landing in full from the month after handover — no vacancy, no trial-and-error. A studio-rental format means stable tenants, simple turnover, and relatively light management.
Set in a mature neighborhood a 6-minute walk from Jiangzicui MRT, with active urban-renewal momentum in the surrounding blocks. Prime real estate doesn't depreciate like equipment — the rent is steady cash flow, while the asset itself retains value. A sound allocation for capital.
The asking price isn't arbitrary. Recent ground-floor transactions nearby:
| Recent nearby 1F sales | Unit price | Notes |
|---|---|---|
| Mingchuan St. No.41 | ~NT$1.04M/ping | incl. a separate plot (blended price) |
| Mingchuan St. No.35 (corner) | ~NT$0.94M/ping | corner unit, same building as No.41 |
| Mingchuan St. No.46 | ~NT$0.84M/ping | standard storefront |
| Mingchuan St. No.48 | ~NT$0.84M/ping | standard storefront |
| This asset — No.68 | ~NT$1.08M/ping | leased income asset + rear access |
This asset sits modestly above the standard band, for two reasons others don't have: first, it's a fully-leased income asset (not an empty unit — it earns an income premium); second, it controls the sole access to the landlocked plot behind it (an exclusive position with no comparable). Buy a standard storefront and you buy "a space"; buy this and you buy "a running income structure plus a strategic position."
A good income asset holds up to scrutiny. Here are the two questions buyers most often ask — answered directly.
Beyond stable income, this asset has a structural advantage no standard storefront has: it controls the sole access to the entire landlocked plot behind it. In normal times, a steady sub-lease income source; in any future consolidation, a pivotal position.
The rear plot's current lease provides for one-year advance notice upon any urban-renewal trigger, at which point the sub-lease income structure would adjust accordingly. Urban renewal is a future possibility, not a promise or guarantee; this page makes no prediction or commitment as to whether it will occur or its resulting value. Area comparables and value-retention are descriptions of current conditions; buyers should seek independent professional advice.
Full lease status, income breakdown, and on-site viewing are available on request. Appraised by SEENVALUE, represented by Fun Idea Property Consulting — transparent and fully disclosed.