[All] They say that the real estate of the hero's agency hit the jackpot.

[Edaily Reporter Kim Min-jeong] It has been reported that the value of the building of trot singer Lim Young-woong's agency has increased by at least 2.6 billion won in four years.

According to News 1 on the 26th, Lim Young-woong's agency, Fish Music, purchased a building near Seongsan-dong, Mapo-gu, Seoul for 4.54 billion won in March 2021. The current market price of the building is estimated to be around 6.1 billion won.

(Photo = Provided by Fish Music)

Completed in 2007, this building is six stories above ground without a basement, with a land area of ​​290.90㎡ (88 pyeong) and a total floor area of ​​717.35㎡ (217 pyeong). It is located near World Cup Buk-ro in Mapo-gu, so it is far from the subway station area, but it is close to Digital Media City (DMC), where broadcasting stations are concentrated, so it is located in an area with high demand for entertainment.

It is estimated that the corporation invested approximately 2.3 billion won in cash, including taxes and other incidental expenses, and took out a bank loan. At the time of purchase, there was a mortgage of up to 3 billion won, but it was canceled in May of last year, and the entire loan was repaid.

Building Road Manager Kim Kyung-hyun explained, “The per-pyeong price of the surrounding buildings is between 71 million and 81 million won. If we conservatively calculate the per-pyeong price of the building at 69 million won, the current value of the building is estimated at approximately 6.1 billion won.”

He emphasized, “Since it is currently being used as a company building after the loan is repaid, it is evaluated as a very successful purchase case considering the rate of return and market price difference.”

Wow, this is awesome.

Maybe I should invest in real estate lol