Core Insights - The auction market for foreclosed properties with existing leases is gaining attention due to potentially lower prices and unique investment value [1] - A recent auction in Nanning featured a property that sold for approximately 1.52 million yuan, which is about 80% of its market valuation of 1.9 million yuan [1][2] - The property has a building area of approximately 518.21 square meters, with a potential total area exceeding 600 square meters due to illegal construction [2] Summary by Sections - **Auction Details** - The property was auctioned with a starting price of about 1.52 million yuan and sold at that price with only one bidder participating [1] - The transaction price translates to approximately 2,933 yuan per square meter [1] - **Property Characteristics** - The property is a privately built house with a total of seven floors, including an unprotected illegal seventh floor [2] - The house is currently not vacated but has a signed commitment for relocation [2] - **Rental Information** - The property has a registered lease from November 18, 2022, to November 17, 2038, with a monthly rent of 3,000 yuan [5] - This results in an annual rental income of 36,000 yuan, with a total potential income of approximately 468,000 yuan over the remaining 13 years of the lease [5] - The investment return rate is calculated to be about 2.36%, which is considered low [5] - **Location and Investment Potential** - The property is located in a bustling area near Jiangnan Passenger Station and the Dasha Tian Station of Metro Line 4, indicating a strong commercial atmosphere [5] - The property offers ample usable space and clear ownership rights, making it versatile for self-use, commercial operations, renovations, or long-term holding [5]