Located along the main road in Oksu-dong… 4.4% profit building
Lee Byung-hun is posing at the red carpet event of the ’60th Baeksang Arts Awards’ held at COEX in Gangnam-gu, Seoul last May. 2024.5.7. News 1″/>
The market price of the building in Oksu-dong, Seongdong-gu, Seoul, owned by actor Lee Byung-hun is estimated to be 33 billion won, up 9.2 billion won from the purchase price two years ago.
According to Building Road Real Estate Brokerage on the 20th, Lee Byung-hun bought a building with a total floor area of 755 pyeong, 2 floors underground and 6 floors above ground, located on the main road in Oksu-dong in 2022 for 23.99 billion won.
Lee Byung-hun’s mother, who is an executive director, purchased the company in the name of a family corporation in which she owns most of the shares. It is known that she invested 5 billion won in cash out of the purchase price of 24 billion won and received a bank loan for the remaining 19 billion won.
The purchase cost, including all incidental costs such as acquisition tax, legal fees, and brokerage fees, is estimated to be approximately 25.4 billion won.
It is known that an international school moved into this building with a deposit of 1 billion won and a monthly rent of 85 million won. This is a building with a high rate of return of 4.44% based on the purchase price.
Many embassies are located near the building, and it is located on a road leading to high-end residential areas in Hannam-dong, including Nine One Hannam, UN Village, and Hannam The Hill.
The recent market price of this building is 33.2 billion won, and a market profit of more than 9.2 billion won is expected in two years compared to the time of purchase in 2022.
Kim Gyeong-hyeon, manager of Building Road Real Estate Brokerage Corporation, said, “As an example of a current nearby transaction, there is a case where a building 50 meters away on the same Doksekdang-ro main road was traded for about 120 million won per pyeong this year,” adding, “Byung-hun Lee’s building is more recent than the comparative cases.” Since it was built and the location conditions are slightly better, the expected market price is estimated at 150 million won per pyeong. When multiplied by the Lee Byung-hun Building site area of 221.43 pyeong, the estimate is 33.2 billion won.”
He continued, “The purchase price is somewhat high at around 20 billion won, but it is an excellent purchase case as it is a building with a high rate of return of over 4%.”
Meanwhile, Team Leader Jeon Ye-seong of Building Road Real Estate Brokerage Corporation runs the YouTube channel ‘Little Building Yongsik Ye-seong’, which provides real estate information.
(Seoul = News 1)
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