Chapter 57 Fixed Asset Auction
After being praised by her brother, Lin Ruoyan, who was dizzy, returned to her room and immediately calmed down.
The Prodigal System said grimly: [Host, more than half of this month has passed, and the Host has only spent less than 40 million. Isn't it time to think more seriously about spending money?]
Lin Ruoyan calculated that the 30 million yuan invested in the film and television industry had already been spent. The company's regular operating and manpower costs had also been covered, and the design fees and engineering costs for the courtyard house renovation were nearing completion. The consulting contract, signed with the most expensive firm, was only worth 2 million yuan, and the down payment was only 600,000 yuan.
The foreign design firm was still going through the design process. They had chosen a well-known firm Zhao Xingxing had worked for in Country D. Knowing Zhao Xingxing well, they were asking for 5.8 million yuan. After much persuasion, she had to raise the fee to 6 million yuan. She had to make the down payment of 1.8 million yuan before the end of the month.
After all the calculations, it's indeed less than 40 million. It's really a headache. I still have more than 50 million to spend this month.
Lin Ruoyan gritted her teeth and tried to appease the prodigal system, saying, "Don't worry. I've already asked the marketing director to select a location for the sales office, either renting or buying. Once it's acquired, we'll start designing and constructing it immediately. This will definitely cost a fortune. Also, the company has basically hired the staff, so we can ask the travel agency to design an overseas travel plan. We have nearly 50 people in the company now, and a two-week trip would cost a million just on flights and hotels."
The prodigal system wasn't buying it: "That's only a million-level expense. Host, would you like to attend the auction? As a daughter of a wealthy family, you haven't bought yourself any expensive clothes or jewelry since returning home to Beijing."
The word "auction" sent a shiver down Lin Ruoyan's spine. Yeah, she'd thought before about checking out some building auctions. But a completed building would definitely be more expensive than buying the land alone. Would fifty million be enough? So she asked, "System, if I exceed my spending this month, exceeding one hundred million, will it count towards next month's quota?"
The prodigal system replied sternly: [Of course not.]
Lin Ruoyan spent a rough total of 100 million last month, but in reality it was several hundred thousand more than 100 million. After all, many small expenses could not make up the whole number.
When I think about it this way, I feel a little sad. It seems that my eight-month life of enjoyment will be cut short again because of lack of money. If I go to buy a house, I still have to be selective and not spend over the money.
It can’t be too far from the target. If it really doesn’t work, buy some luxury goods to make it round off.
Forget luxury goods. Everyone knew she had an 800 million yuan dowry, so she didn't need luxury goods to show off or enhance her status. Her wardrobe was already full of options, enough for everyday wear and even parties. She might as well buy art. Of course, she definitely didn't understand art as well as real estate, so that was a secondary option after buying a house.
"Are there any real estate auctions happening soon?" Lin Ruoyan tentatively asked the prodigal system. Besides constantly giving her bad advice, could this system, which was holding her back, have some other uses?
The prodigal system was taken aback, but still answered truthfully: [This system does have a search and consultation function, but it is limited to auctions, or those related to the host's identity and other entertainment matters.]
Lin Ruoyan's eyes lit up. She hadn't expected the system to offer such a convenience. She was annoyed that the system hadn't mentioned it, but she'd been hiding a lot from the system. As long as it worked, it was fine. She questioned, "Isn't that auction building called an auction?"
Prodigal System: [Boo, boo, boo, I guess so.]
Lin Ruoyan pressed the issue further, "Then search for me quickly. Ideally, I'll find an item priced around 50 million. I'll quickly participate and meet my spending target for this month."
The prodigal system could only skip over a large number of information on cultural relics, antiques, fashion, jewelry and artwork auctions, and collected information on auction buildings that met the host's needs.
Believe it or not, there really is a project in X City District. It was half built, but the company's capital chain broke and it went bankrupt. This half-built building was going to be auctioned to pay off the debt.
Following the clues given by the prodigal system, Lin Ruoyan quickly asked Qin Shuang to check the specific situation.
Qin Shuang originally bought and sold second-hand houses in the X City area. He had many corresponding information channels and soon got more information.
It turns out that this asset is near the Financial Street, but it is not within the planned area of the Financial Street and does not have a particularly conspicuous location.
The building faces a street, but it's not a main street, and there are no quaint courtyard houses around it. The road has been widened, and nearby are multi-story residential buildings built in the 1970s and 1980s.
The site was originally home to a four-story, simple office building for a state-owned enterprise. In the early years of the People's Republic of China, several cluttered buildings were demolished, and the site was leveled and built in less than two months. Back then, simple buildings were constructed using ordinary bricks topped with prefabricated panels. The materials were crude, and the construction was quick. Fifty years after its completion, the walls cracked and became a dangerous structure.
After all, it was located in a prime location in the core urban area. After a series of internal maneuvers, the land eventually became the site for another company's headquarters office building. Unfortunately, the company was struggling and short of funds, so they borrowed heavily. They gritted their teeth, demolished the dilapidated building, and began construction on a new one. It took two years to complete the structural topping-out, and the company, unable to bear the debt burden, went bankrupt and restructured.
Although the area is surrounded by commercial buildings and has a residential feel, the land is less than 1,000 square meters. Existing buildings to the south and west severely block sunlight. Residential buildings are located to the east and north of the land. Buildings can only be built to their current height; any higher would block sunlight to the residential areas. The land is primarily for commercial and office use, so converting it to residential is impossible.
The existing building on the site is a recent construction, just over 2,000 square meters. It would be inappropriate to demolish it and rebuild from scratch. All the necessary approvals and construction permits have been completed, so it's not easy to change. However, the building doesn't completely fill the site; it's designed like a traditional office building, with an L-shaped layout and a courtyard, more than a dozen ground-level parking spaces, and a flower garden.
This building has a basement, but due to the small site, it's not very large. Parking a car would require a large ramp, which would take up more than half the basement and infringe on the ground floor space. In short, it can only accommodate a few cars, so access to the parking space was simply not considered. The exact purpose of the basement is still uncertain.
Logically, after the buyer takes over the project, they can install doors and windows and do some minor renovations to make it a suitable office building. Alternatively, they can use the shell as a small shopping mall or a small hotel, which should have no shortage of customers in this area.
Of course, sellers think their products are good no matter how they look at them, but they have no idea that buyers are very picky.
With such a small area, and not adjacent to the Xdan area, what kind of business could it be? A community vegetable market or a small wholesale market? It's far from public transportation, not as well-known as the small commodity markets outside the Second Ring Road, and it wouldn't be suitable for a shopping mall without scale. All the slightly higher-end stores are confined to the large commercial buildings in Xdan, so this isn't an option.
For a small hotel, the existing structure does not take into account so much water supply and drainage reservation, and the layout is more like an office. The renovation cost after acquisition will require a large investment.
For actual office use, the 2,000-square-meter building is neither high nor low. Small businesses can't afford such a large headquarters, and if they co-locate with others, they might as well rent a newly built modern office building nearby. For large, established companies, this area is too small to accommodate them.
As a result, more buyers are waiting to see what's on the market. Looking at the price, it's definitely more expensive than the vacant land. The land is already there, with a completed building and all the necessary approvals and construction permits already in place. The reserve price is already over 30 million yuan. If it were cheaper, some might consider it, but at this price, it's going to scare off a lot of people.
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