At the end of this month, a commercial property on the Long'an (North Block) of Dianchi Lake at the intersection of Changhong Road and Huanhu East Road will be auctioned, with a starting price of 75 million yuan. After investigation, the property is the sales department of Evergrande Yunxi.
Evergrande Yunxi sales department is about to be auctioned
According to the auction announcement, the auction object has obtained the current sale certificate, with a total construction area of about 6751.7 square meters, a market appraisal price of about 90.87 million yuan, a calculated unit price of about 13,500 yuan per square meter, and a starting price of 75 million yuan, which is equivalent to a 20% discount on this basis.
The building is divided into 3 floors (1 underground floor, 2 floors above ground), of which the 1st floor is partially rented out, with a contracted rental area of 1381.31 square meters, and the calculated rent is about 72.4 yuan per square meter / month (the lease period ends on June 30 this year).
Evergrande Yunxi sales department internal real shot
The subject property is unsecured, and the scope of the auctioned property includes the real estate, the land to be apportioned to the property, the facilities that cannot be moved or must be equipped to meet the use function, decoration, etc., but does not include furniture, household appliances and daily necessities.
At the same time, the possible water, electricity, gas and property fees and other outstanding fees and expenses with unspecified obligations will also be borne by the person subject to enforcement. Therefore, the overall situation of the house is much more "simple" than other foreclosure listings.
However, although it has attracted 2,081 onlookers and 111 people have set reminders, no one has signed up as of press time.
Evergrande Yunxi real shot
Evergrande Yunxi was originally a rare low-density improvement product in the main city of Kunming.
The project is located in Wujiatang Wetland Park, about one kilometer away from the Dianchi Convention and Exhibition Center to the west, covering a total area of 937 acres, with a plot ratio of 0.69, divided into two blocks in the south and north, a total of 14 districts, with a total of 1,517 households, and the transaction price once ranged from 4.8 million to 30 million.
The fact that the sales department was put on the foreclosure platform has a lot to do with the financial situation of the developer Evergrande behind it.
Due to well-known reasons, Evergrande Group broke out of a serious financial crisis and fell to the ground suddenly in 2021, and the developed real estate was implicated due to the rupture of the developer's capital chain, and Evergrande Yunxi was naturally not spared, except for the first 1, 2, 3, 4, 7, 8, 9, 10 districts to achieve delivery, the remaining housing is mired in the quagmire of delayed delivery.
The recent situation of Evergrande Yunxi commercial housing project
According to Evergrande's latest official project progress report, as of April 29 this year, Evergrande Yunxi District 6, District 11 to 13 are currently being delivered to the outdoor part, and related supporting projects such as basement, drainage, rain and sewage pipe network, garden construction, solar energy, courtyard fence and other projects have not yet been completed.
Although Evergrande Yunxi sales department has the advantages of no mortgage, property rights and existing houses, the overall area is large, the starting price is not low, and because its earlier positioning is only for display, the special housing structure also leads to a very single building use, even if it can be successfully auctioned, the bidder will pay a lot of renovation costs in the later stage. The outlook for this round of auction is not optimistic.