Purchased in 2006, market profit of KRW 38.1 billion
“Monthly rent is around 100 million won”
Kim Hee-ae is walking the red carpet at the opening ceremony of the 28th Busan International Film Festival (BIFF) held at the Busan Cinema Center in Haeundae-gu, Busan on the afternoon of the 2nd. 2024.10.2/News 1″/>
The Cheongdam-dong building owned by actress Kim Hee-ae is expected to make a market profit of about 40 billion won in 18 years.
According to Building Road Real Estate Brokerage on the 27th, Kim Hee-ae purchased three parking lot lots with a land area of 196.35 pyeong located on Dosan-daero, Cheongdam-dong, Gangnam-gu, Seoul in July 2006 for 11.9 billion won.
At the time of purchase, the price per pyeong of the land in question was approximately 60.61 million won, the maximum bond amount was 3.6 billion won, and the loan principal was estimated to be approximately 3 billion won. The remaining 8.9 billion won appears to have been purchased in cash.
The property is located on the corner of Dosandaero in Cheongdam-dong, a 7-minute walk from Apgujeong Rodeo Station on the Suin Bundang Line. Cheongdam-dong is an area known as the luxury street, and is surrounded by global luxury brands such as Louis Vuitton, Gucci, and Armani.
Kim Hee-ae purchased the property for use as a parking lot in 2006, and operated it as a parking lot without any development for 14 years before starting construction on a new building in 2020. From the beginning, it was evaluated as a purchase with investment value in mind rather than parking lot rental income.
Kim Gyeong-hyun, manager of Building Road Real Estate Brokerage Corporation, said, “This is an example of a building that benefited in terms of floor area ratio thanks to its unique structure that utilizes a sloping site and exposes the first basement floor like the first floor above ground.”
He continued, “Thanks to this, we were able to build up to the 4th floor underground, and we are enjoying the visual effect of making it look like the 6th floor, even though it is actually a 5-story building.”
Currently, this newly constructed building has 4 floors underground and 5 floors above ground. High-end rental businesses such as dermatology clinics and flagship stores are located from the 2nd basement floor to the 5th floor above ground. The 3rd and 4th basement floors are used as management floors and mechanical parking lots. It is being used.
The current market price of the building owned by Kim Hee-ae is estimated at approximately 50 billion won. Based on the case of a nearby new building traded in June 2024 for 230 million won per pyeong, Kim Hee-ae’s building was evaluated at 254 million won per pyeong, considering its advantageous location at the corner. If this is applied to a land area of 196.35 pyeong, it amounts to approximately 50 billion won.
This building, located on a luxury street in Cheongdam-dong, is evaluated as an investment destination that can expect greater profits in the future through steady rental income and rising asset values.
Manager Kyung-Hyeon Kim said, “Compared to the purchase price in 2006, we expect to earn a market profit of about 38.1 billion won in 18 years.” He added, “The current monthly rent is known to be around 100 million won, and if calculated based on the purchase price, it is 6.5 billion won per year. “You can expect a return of more than %,” he analyzed.
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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