After making a wish, financial freedom

Chapter 596 Continue to Purchase Commercial Real Estate
Apart from this set of shops, Li Zhuo has not made any other purchases in Bangkok. The main reason is that Thailand stipulates that shops must be owned by private Thais or companies with 51% Thai shares. Commercial real estate like this one is rare. There are no restrictions on the type of foreigners you can see.

Li Zhuo was too lazy to set up another company in Thailand, especially since the Thai government was not very trustworthy and he was afraid that he would be cheated by finding someone to hold it on his behalf.

And he didn’t see any other good projects. The projects in good locations in Bangkok have basically been divided up. Even if there are still for sale, the prices are quite shocking. He can’t afford it alone with his funds, and it will be a lot of trouble to find someone to cooperate with him. Not to mention, he was afraid that someone would dig a hole and bury him, so he would rather be safe and make less money than fall into it.

He then flew to Macau with the employees of Sino-Ocean Land.

Macau is a small area, only 40 square kilometers, but its population is very dense, with the highest density in the world, so its shops are also very valuable.

After repeated inspections, Li Zhuo finally selected a five-story commercial building located in the core area of ​​Gaoshide, named Gaoshide Commercial Center.

This building is all for commercial use, with an area of ​​about 800 square meters. There are 6 shops on the first floor, but it was turned into 9 shops by the previous landlord. The other 2-5 floors are all 6 shops, a total of 33 shops.

The front and back of this building are living areas, so the flow of people goes without saying.

Its final transaction price was HK$2.4 million, equivalent to RMB 2.23 million.

The rental return rate here is good, about 3.14%, and its annual rent is HKD 750 million, which is approximately RMB 700 million.

Li Zhuo spent a total of 3.49 million yuan on real estate in Bangkok and Macau, and the annual rental return was 1030 million yuan.

There is still 12.258 million yuan left on his bank card.

After leaving Macau, Li Zhuo and the others quickly went to Hong Kong.

However, the price of commercial real estate in Hong Kong is indeed astonishing. Many of the commercial buildings Li Zhuo looked at cost billions of Hong Kong dollars.

For example, a commercial building in Central, Hong Kong is for sale. It covers an area of ​​only 900 square meters and is in a pretty good location. The asking price is as high as HK$54 billion.

Another example is Shimao Group, which is heavily in debt and plans to sell its two high-quality five-star hotel assets in Hong Kong, namely the Tung Chung Shimao Sheraton Hotel and the Four Points by Sheraton Hotel, for a price of HK$65 billion.

There is another high-quality asset that needs to be sold urgently, which is the Hong Kong Evergrande Center located in Central, Hong Kong. It is a high-rise building with a strategic location. When Evergrande bought it from Liu Luanxiong, it spent 125 billion Hong Kong dollars. Now, in order to make money, the price is 105 Billions of Hong Kong dollars were sold.

The assets are all high-quality assets, but the prices are also terrifyingly high. Li Zhuo really can't afford them now.

His little money can only be considered a small expense here.

In any case, after inspecting many shops for sale in Hong Kong, he finally bought a duplex shop on the first floor of Wheelock Building in Central, Hong Kong.

This is the office space of Citibank, and the landlord is also Citibank.

It was bought for HK$3.9 million more than a decade ago, and is now quoted for HK$7.1 million. In order to sell it, Citibank also offered a long-term lease that they were willing to rent for 25 years.

This shop only has two floors, but the area is pretty good, totaling 1100 square meters.

Its location is also good, and the flow of people nearby is always high.

Through negotiations, Citibank finally agreed to lease the bottom shop at 12% of the house price for the first 3 years and 13% of the house price for the next 3.5 years during the long-term lease period.

Li Zhuo agreed to buy the store at the original price of HK$7.1 million, equivalent to a cost of 6.6 million yuan.

In this case, this shop can now bring him 2100 million Hong Kong dollars in rent per year, equivalent to 1950 million yuan.

After buying this extremely expensive shop, Li Zhuo still had 5.658 million yuan left on his bank card.

In Hong Kong, Macau and Bangkok, Li Zhuo spent a total of 10.09 billion yuan to buy three sets of commercial real estate, which can bring him almost 3000 million yuan in rental income every year.

Previously, he spent a total of 8.8 million yuan to purchase four commercial properties in Singapore and Seoul, which brought him 2800 million yuan in rental income every year.

This is equivalent to spending a total of 18.9 billion yuan to purchase shops, which ultimately brought him 5800 million yuan in rental income every year.

In order to manage these shops more effectively, Li Zhuo also had to expand the manpower of Sino-Ocean Land, so after excluding the annual management fees and maintenance fees, he did not get that much.

But this is already good. At least the annual after-tax income is very objective, and these shops may continue to appreciate in value. When the time comes, once they are sold, the money will be made much faster than renting.

After doing this, he flew to Tokyo.

His original intention was to meet Yuu Suzuki and relax his body and mind.

As a result, on the way to the villa where Suzuki Yume lived, he took a taxi from the airport and accidentally saw a for sale sign on a small commercial property on the side of the road through the car window.These two characters were written in traditional Chinese characters, so it was impossible for him not to recognize them.

He turned around and saw a sign hanging at the nearby subway entrance: Omotesando Station.

Li Zhuo thought, this Omotesando is one of the popular places in Tokyo.

Tokyo has a population of more than 2000 million, but there are only a handful of the busiest business districts. The strongest one is undoubtedly Ginza, a long-established business district.

Next are Omotesando, Shibuya, Shinjuku and a few others. Among them, Omotesando is a gathering place for international fashion brands and has always been a place with a large flow of people.

Needless to say, the shops in this place are very valuable, and it is rare that anyone is willing to sell them.

After Li Zhuo returned to the villa and saw Yuu Suzuki, he asked her to drive back to Omotesando to visit the shop for sale.

This small building is only 200 meters away from the subway entrance. It has one underground floor and three floors above ground.

It is not big, covering an area of ​​150 square meters, and the total area of ​​the four floors is about 600 square meters.

On the first floor is a high-end kimono design store, which sells kimonos worth hundreds of thousands of yen.

The second floor is a members-only beauty salon, the third floor is a barber shop, and the basement is a high-end barbecue restaurant.

Li Zhuo took Yuu Suzuki and walked in to take a look. Except for the kimono shop, which had few people, the other shops had many customers.

When she learned that Li Zhuo wanted to buy this small building, Suzuki Yuu smiled and said:

"Great, then I will apply for a beauty card here from now on. It happens to be close to home. Yes, I will also come here to eat barbecue."

After seeing this place, Yuu Suzuki called him to ask, and then said to Li Zhuo:
"The sales agent said that the quoted price of this small building is 22 billion yen, and the current annual rent is 7500 million yen. There are many customers who are willing to rent it, and they all need to be screened."

For 22 billion yen, which is equivalent to 1.1 million yuan, it is still a good deal to buy a 600-square-meter commercial building in Omotesando, Shibuya District.

Moreover, the annual rent is 7500 million yen, which is equivalent to a rental return rate of 3.4%, which is considered very high.

Without further ado, Li Zhuo immediately called the staff of Sino-Ocean Land and asked them to fly to Tokyo as soon as possible.

They contacted the sales agent the next day and finally bought this small commercial building for 1.1 million yuan.

After coming, they then walked around Tokyo and finally found a commercial property in Setagaya District again.

Setagaya Ward is not part of the core area of ​​the city center, but it is an upstart area and the flow of people here is equally large.

The commercial property that Li Zhuo and the others are looking at is also in a good location. It is opposite the subway station exit, less than 50 meters away.

This commercial property is divided into a main building and an annex building. The main building covers an area of ​​500 square meters and has a total of 5 floors. The auxiliary building covers an area of ​​160 square meters and has a 6-story building.

The main building is mainly used for shops and offices, while the auxiliary building is rented by a medical institution. The combined area of ​​the two is about 3500 square meters.

Among them, the main building is quoted at 14 billion yen, and the annex building is quoted at 6.2 million yen.

The building was built in 1992, but it still looks very new. The exterior uses glass curtain walls, and the overall look is beautiful.

Li Zhuo took a fancy to the good location of this commercial property and its excellent rental rate of return.

So he bought the annex building as well, and the price was exactly 20 billion yen, equivalent to 1 million yuan.

Its occupancy rate is 100%, and the total annual rent is 7800 million yen, which is equivalent to a rental return rate of 3.9%, which is the highest so far.

Li Zhuo spent a total of 2.2 million yuan to buy these two commercial properties in Tokyo, which can bring him an annual rental return of 764 million yuan.

After buying it, Li Zhuo had 3.558 million yuan left on his card, which was really not much, so Li Zhuo also stopped because he had no money to buy.

So far, he has spent a total of 21 billion yuan overseas to purchase 9 commercial properties, with an annual rental return of 6560 million yuan.

……

(End of this chapter)