Spring Thunder Chapter 0227 The pattern is small
"Boss, I've done some research. The Times Building is not involved in any property rights or debt disputes. The only problem is that three of the floors have signed a 30-year lease, with two 21-year extensions. That means there are still 65 years before the lease expires."
Three days later, Cooper called Nan Yi again.
"How many years does the rent have to be paid? Is there a rent increase clause?"
"It will be paid every five years, increasing by 2% each year for the first ten years and by 5% each year starting from the eleventh year."
"So, we can only collect rent from them again after three years?"
"Yes."
"Okay, I understand. I'll call Rachel and let her take over the acquisition."
"OK, Boss."
After hanging up the phone, Nan Yi called Rachel Parsons.
"Hi, Rachel."
"Hey Adam, why are you calling me so early? I'm working out."
"Sorry, I forgot the time difference for a moment. How about I call you back in two hours?" Nan Yi said deliberately.
"Come on!" Rachel said, "Adam, let's get down to business, OK?"
"Okay, then I'll be frank. Wonderful is going to acquire the Times Building, and I plan to hand this over to you. There are three points I want to explain in particular: First, I only plan to spend 61 million US dollars, which includes all the expenses of the acquisition, including the acquisition fee, taxes, transfer fees, etc., and also includes your commission;
Second, I can only come up with 12 million US dollars for the down payment. If possible, the smaller the number, the better. I can pay the rest within two years. Of course, if there is no increase in expenses, the longer the better, preferably 100 years..."
"Aha, unless all the lawyers in New York die," Rachel teased.
" Okay , forget about the last part. Let me tell you the third point. It would be best if all the current tenants could get out. My bottom line is $1 million. If it exceeds that, forget about the third point. But I believe you will give me a perfect answer, right?"
"Adam, let me confirm that no matter how I handle this, you will pay me $1 million?"
"Yes, as long as you can handle the matter cleanly and leave no trouble, then congratulations, your income this year will increase significantly."
"Very good, then I won't be angry about you interrupting my workout."
"Wow, you let it go so easily. Shouldn't you just go on vacation to a beach somewhere and let me pay the bills? Or, find an island and spend a week there, just you and me?"
"Adam, I admire your confidence, but I'm sorry, you may not fit my aesthetic."
"Ha, looks like I need to see you soon."
"Yeah, I look forward to it."
"Bye, have a nice day."
"the same as you."
Nan Yi was not worried at all that Rachel would not be able to handle the Times Building issue. In fact, since 1980, serious stagflation has occurred in countries around the world. The unemployment rate in the United States has soared. At the same time, the second real estate crisis has broken out. The interest rates on housing mortgage loans have continued to increase, reaching more than 18%, and people are full of resistance to buying houses.
Of course, this is the idea of individuals and some capital. Capital that is interested in investing in real estate focuses more on Tokyo and they disdain the buildings in New York.
The overall return on investment for real estate in China is not very high, let alone office buildings.
In fact, the Empire State Building was sold to Yokoi for only 42 million U.S. dollars in 1994; and in 2002, Trump acted as the agent on behalf of Yokoi and sold the Empire State Building to Empire State Building Associates for only 57.5 million U.S. dollars.
Even though there is a price difference of 15 million US dollars and nearly eight years of rent, in fact, Nakaki Yokoi may not have made money from the sale of the Empire State Building. You have to know that the annual renovation cost of the Empire State Building is not low.
Add to that eight years of inflation, Nan Yi estimated that Yokoi must have lost a lot of money on this transaction.
If the Times Building was not located in a special area and could earn a considerable amount of advertising fees every year, Nan Yi would have nothing better to do than buy an office building in New York.
If you want to do real estate, you have to do it in East Asia. There is more money, less work, it is close to home, and it is in line with the interests of the "majority of people". How great is that and it is in line with God's will.
After finishing the call, Nan Yi said to Liang Huiwen who was sitting next to him: "Huiwen, I have handed over the matter of sitting here to you for more than two months. Is there any progress?"
"Yes, Li Dezhong's health is not good anymore. I went to the hospital to ask about it. It happened in the past two months. Last time I asked Li Dezhong for the price, he didn't give me a good look at all. He said that the house is the root of the Li family and he would never sell it.
However, I have privately contacted the first wife Guo Zhaodi and the third wife Yao Yanfen, and they are both willing to make a move, as long as the price can be negotiated. "
"Tell me about Li Dezhong's family structure." Nan Yi said after thinking for a moment.
"Li Dezhong's first wife was Guo Zhaodi, who had been with him in conquering the world. They built the first store together. They have a son, Li Shaozhong, who is also the eldest son.
The second wife is Li Shaocong's mother, Wen Yue'e, who came from the mainland in 1960. She is a very gentle and capable person. She comes to take care of the family whenever she has free time. Now she is the one in charge.
The third wife, Yao Yanfen, was originally a dancer at the topless bar on Locke Road. Nansheng, do you know Locke Road?"
"I know that in the 1950s, American warships often stopped at Hong Kong for supplies, and Lock Road was where they had fun."
"Yes, Li Dezhong used to patronize her often, and they became good friends. Yao Yanfen gave birth to a son, Li Shaoli, for Li Dezhong in 1957, and he married her when the child was six years old, so she was the third wife, but Li Shaoli was the second son."
"My own child?"
"It should be. Li Shaoli and Li Dezhong look very similar."
"Oh, go ahead."
"After Li Dezhong married Wen Yue'e, Guo Zhaodi became dissatisfied with him. From that time on, she stopped managing the tea restaurant business, and Li Dezhong handed over the financial power to Wen Yue'e.
Wen Yue'e has a good business sense. It can be said that it was her credit that the store was able to grow and open two branches. Now she is in control of the store, and Guo Zhaodi and Yao Yanfen can't get involved at all."
"Is this why the two of them agreed to sell it?"
"Yes, Li Dezhong didn't leave a will at all, and he didn't say how to distribute his property. It seems like he did it on purpose."
"Do you think their family is harmonious?"
"Oh, three wives, three sons from different mothers, how can they possibly live in harmony?" Liang Huiwen sneered.
"That's it. We Chinese people have always believed in having many children, but having many sons does not necessarily mean that they will be filial. In ancient times, there was a smart man who found a broken box and filled it with stones.
He said to his sons: "Your father has a box of silver. Whoever is the most filial will get the silver when I die."
Therefore, each son provided him with good food and drink, competing with each other. In this way, the father lived a comfortable life until the end of his life.
If Li Dezhong had not revealed his cards until the last moment, his life would have been much easier.
There won't be much time left, and the three wives have to pretend to be filial, in case the man pleases them and leaves all the property to their one son?"
"No, only Guo Zhaodi and Yao Yanfen are diligent. Wen Yue'e still spends most of her energy on the tea restaurant. She is also teaching her son Li Shaocong how to manage the tea restaurant."
"Hmm? Is she so confident that the inheritance will be left to her son?" Nan Yi paused and said, "Or maybe, having managed the tea restaurant for so many years, she must have hidden a lot of money, so she is not worried whether she can get the inheritance or not."
"I think it's possible. Wen Yue'e manages the accounts herself. She says the tea restaurant has the right amount of revenue, and no one else can check it."
"If that's the case, then it's interesting. One is confident and fearless, while the other two are worried. I've met Li Shaocong before, and I have a general idea of who he is. Let's talk about Li Shaozhong and Li Shaoli."
"Li Shaozhong has been a middle school teacher since he graduated from university. He looks a bit dull. He is 33 years old and still unmarried. He doesn't have a girlfriend. He is a very boring person."
"Let's get to the point. I'm not asking you to go on a blind date."
"Well... the point is that Li Shaozhong probably has no interest in inheriting the tea restaurant. He lives outside and rarely comes home."
"Don't have too much contact with women?"
"That's not very clear. The investigation is not that detailed."
"Okay, let's talk about Li Shaoli."
Nan Yi originally wanted to investigate whether Li Shaozhong had gay tendencies, but then he thought it was a bit redundant. It was just an idea to open a tea restaurant, so there was no need to go so far.
"Li Shaoli is probably the smartest of Li Dezhong's three sons, but he has a fatal weakness."
"What? Gambling or sex?"
"He is involved in both. He is a gambler and a sex addict. He has owed a lot of gambling debts over the years. Li Dezhong likes him and helped him pay off all the debts. He has a lover who is the madam of Du Laozhi Nightclub. This madam has an old lover, who is a short mule and is now studying in Stanley."
"Four-nine, you don't even have a little brother?"
"They all ran away. Not to mention the lover of a big boss, they themselves can't protect themselves."
"Then send a message to this cuckolded boss that someone is sleeping with his lover, beating his son, living in his house, and spending the money he worked so hard to save."
"Nansheng, the big boss who is on vacation has no property saved." Liang Huiwen rolled his eyes and said.
"No matter what, it's a fact that my lover was slept with by someone else. I hope this big guy won't be so weak. He can only stare helplessly without any brothers to stand up for him.
How does the song go? We swear to go into the mountains of swords, with great courage and determination, and pass through thousands of barriers. People in the martial arts world should be loyal. How can we not help our brothers in need? "
"Nansheng, the clubs are all about making money, there is no loyalty to speak of."
"That's why I keep mentioning it. That's why I can't let go of this opportunity to show my loyalty by taking care of a small minion."
"Okay, then I'll ask someone to send a message to that boss to see if he really has brothers to stand up for him. I'm not optimistic." It can be seen that Liang Huiwen was not too impressed by Nan Yi's sudden whim.
"Don't be like this. It's just something that happens easily. It can be considered as testing the waters. But three tea restaurants shouldn't take up so much of our energy. Let's take them down quickly."
"Nansheng, it's not difficult for us to build our own brand from scratch. Why are you so persistent about sitting here?"
"Am I obsessed?"
"I think so." Liang Huiwen nodded.
"Can a new restaurant be the same as an old one? A tea restaurant is a business run by the neighborhood. It has to have old customers who have been coming here for more than 20 years. This is a huge fortune and a kind of heritage. If we can acquire it at a low price, it will be a very cost-effective deal."
“After changing the owner, how many old customers will continue to patronize the store?”
"It all depends on what we do. We should inherit the original advantages and correct the original shortcomings. If we improve the taste and service, the old customers will still come back.
One thing that cannot be changed is the decoration. We must maintain the original style and grade. "
"I know that if the shop is decorated too luxuriously, the neighbors will not dare to come in."
"The most important thing for a small restaurant is the taste and human touch. It's easy to say but hard to do." Nan Yi exhaled and said, "Well, why am I talking about this? We are not going to open a tea restaurant.
The sooner you have time to run the business, the sooner you can go public, and the sooner you can harvest some leeks, the better. How much money can a tea restaurant make even if it tries its best?
I'll leave this matter to you. I won't worry about it anymore. Don't let me down."
"Don't worry, I will definitely be able to buy Dexianlaizuo at a low price." Liang Huiwen said confidently.
