As the strongest prefecture level city in Jiangsu Province, Suzhou's industry is the super driving force for its economic development. There are numerous factories of all sizes. However, in Suzhou, under the market economy, there are both newly built factories and old factories that are going to be auctioned. Recently, a factory was auctioned in Taicang, Suzhou. Unexpectedly, although it is not commercial residential property, it is only the auction of industrial property. It is still so popular in Suzhou. The auction factory is quite popular, and the organization deals at a high premium rate.
Recently, this factory located at No. 9-3, Fengyang Road, Shuangfeng Town, Taicang City was the last day of bidding. The factory that was auctioned this time was a metal forming factory, which was auctioned because of the dispute over the sales contract. The factory auctioned is still very large, with an industrial land area of 36399.5 square meters, about 54.57 mu. The factory buildings were built in 2013, including buildings with and without property certificates. There are 8 certified buildings with a total floor area of 24632.24 square meters. There are 5 buildings without certificates, including canteen and hazardous waste warehouse, dormitory, warehouse and guard. One dormitory has a building area of 452.58 square meters, and the canteen has a building area of 253.58 square meters.
Although the factory was auctioned this time, it did not close down. Now it has been leased to other enterprises for operation and production. There are five lease contracts in total. It is unknown whether the same enterprise leases it. The lease term is January 1, 2028 and June 3, 2026 respectively, and part of the rent has been paid. This means that if the winner wins the factory, it cannot be used for production immediately, and there may be no rent to collect in the short term.
The starting price of the auction was 65.8622 million yuan, and the assessed price was 94.0886 million yuan. From the starting price, many prices were reduced to auction.
Compared with commercial residential real estate, the number of people who apply for auction of general industrial real estate is generally small, and some only apply for auction by one person. However, the factory auctioned in Taicang attracted as many as 14 people to apply for the auction. With more people bidding, fierce competition is inevitable. In the whole auction process, there was nearly two and a half hours of delayed auction. 14 bidders had made 498 bids for this factory before ending the auction. Finally, the factory closed the auction at 133.36 million yuan, which was 67.5 million yuan higher than the auction price, and the premium rate exceeded 100%.
The factory in this auction, located in an industrial cluster in Shuangfeng Town, Taicang City, is a factory near the river. It is close to the entrance of National Highway G204 and Shanghai Yichang Expressway. The traffic location is very good. However, it is far from the downtown area, and the surrounding area is dominated by factories.
Regardless of the unlicensed building area, based on the certified area of 24632.24 square meters, the transaction price of the factory in this auction is 5414 yuan/square meter. This is an industrial property. Do you think this transaction price is high?
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