hollywood billionaire

Chapter 279 Unknown Adventure
"The listing price is [-] million euros."

"Now as long as someone is willing to pay 2000 million euros, I will sell it."

"Even if you add a nine percent asset transfer tax, it's only 180 million euros..."

Another Mercedes-Benz S-Class was driving on the highway from the airport to the city again. Han Yi bit his nails, frowned, and looked at the email forwarded by Antoine Gachet on his phone.

"Antoine."

"I'm here, Mr. Han."

"Let's double-check the specific parameters of Passalacqua Manor."

"no problem."

"Floor space?"

"4.63 acres."

"Convert to square meters?"

"18736.95 square meters."

"construction area?"

"4365 square meters..." Antoine Gachet flipped through the asset appraisal report submitted to him by Mattia Colombini. This was an appraisal commissioned by the Love family two years ago from an agency in Milan. "Among them are 873 square meters are completely unusable and in need of restoration.”

"Oh my God." Han Yi rubbed his temples, "Which parts are they specifically?"

“帕萨拉夸主楼别墅，2462平方米都处于可以使用的状态。9间套房里有14个卧室、9个浴室、3个盥洗室。”

"It can be used, but it still needs some small-scale maintenance." Han Yi said thoughtfully, "Many rooms are quite old...not to mention the linens, and the paint on some furniture is almost peeling off."

“If our goal was to open a luxury resort hotel that would appeal to affluent consumers, then all interior displays—unless they were symbolic and collectible antiques—would have to be replaced. Also, the top floor of the main building is a loft. The design is 320 square meters. It was previously used as a storage room. If you want to use it, you have to pry out the floor and lay it again.”

"What things can be kept? I think at least the chandeliers can be kept? Those were the last batch of crystal chandeliers exported before the disintegration of the Republic of Venice."

"Of course, this is an important element in maintaining the historical richness and unique competitiveness of Passalacqua Manor, as well as the Persian carpets from the Qajar Dynasty. Well... the antique French and English large bathtubs in the bathroom also have to stay Even if there are a few damaged areas, we must try to find the original factory to reproduce them according to the drawings at that time. Guests who are willing to spend thousands of dollars to stay in the villa attach great importance to the coherence between the overall look and feel of the villa and the interior design details."

"I also have this idea. If you want to inherit a classical manor 230 years ago, you must maintain its original flavor. What Napoleon saw is what we present to our customers. This can highlight the uniqueness of Passalacqua value."

"I completely agree, Mr. Han."

"Go on... Where's the one behind the main building?"

"Puspalas has always been used as a residence for minor visitors. Napoleon and Churchill lived in the main building, and their retainers lived in Puspalas. Therefore, although the area is smaller, only 1129 square meters, But it has designed 12 bedrooms with private bathrooms, as well as separate kitchen, living room and dining room.”

"This building should be the place with the largest passenger flow in the future." Han Yi rubbed his chin, "After all, not everyone can afford a suite. Rooms with a view of the lake are more expensive, let alone those facing the lake. The Villa Bellini was built... How big is it over there? Half the size of Puspalas?"

The layout of Passalacqua Manor is generally very simple. Since it was built on a hillside by Lake Como, the terrain will naturally be divided into high and low levels.Carlos Feliz Solway divided the estate into seven platforms according to local conditions.The first platform at the highest point is the Puspalas guest house and a row of stables and storage rooms hanging on the edge of the villa.The most prominent position of the second platform is connected to the external road, where the stables, towers, main entrance and the main building of Villa Passalacqua are gathered.On the left side of the third platform is the swimming pool and on the right side is the Italian garden.On the left side of the fourth platform is the rose garden, and on the right is the orchard, planted with apple trees, almond trees, cherry trees, hazelnut trees, jujube trees, and table grape vines.Every fruit tree has grown here for at least hundreds of years. Even if it has been neglected in recent decades, it has not affected their vigorous vitality.

To the north of the orchard, there is a row of low bungalows, which are the special kitchens set aside by Solway for the distinguished guests of the main building and Villa Bellini.Nobles did not like their living environment to be filled with smoke, so the designer specially moved the kitchen to the garden and placed it right between the two villas to ensure that the owner and guests can enjoy delicious food in a timely manner.

The fifth platform still follows the planning pattern of one area on each side, with the olive garden on the left and the vegetable garden on the right.What is striking is that an outdoor bocce ball court has been opened in the open space to the north of the vegetable garden.It is a sport that originated during the Roman Empire and became popular among Italian communities in mainland Italy, the Balkans and the United States.

It is absolutely impossible to see facilities related to boccia in luxury houses in other countries. This is the most distinctive feature of the Italian manor besides the tower.

Arriving at the sixth platform, the entertainment activities have become more popular - on the left is a clay tennis court, designed entirely according to the standards of the French Open. It was the first project after the Estonian Baroness took over the Passalacqua Manor. Reconstruction Project.On the right is the villa where Bellini lived for four years.In fact, the official name of this villa closest to Lake Como is not Villa Bellini, but Casa al Lago, a lakeside villa, but people always prefer a title with more celebrity aura and legendary meaning.

"Villa Bellini has... 454 square meters, which is almost one-sixth of the main building. There are 4 suites, a total of 6 bedrooms, 4 bathrooms, and 2 powder rooms. It is similar to the structure of Puspalas, or The living room, dining room and kitchen are fully equipped, but the overall size is much smaller than Puspalas."

"The maintenance of Villa Bellini is actually the best, I didn't expect this." Han Yi raised his eyes and thought about it, "Those designer furniture feel like new, and there is even a line array speaker in the living room. The kitchen All the equipment is made of stainless steel...it doesn’t even look like it’s part of Passalacqua.”

"Of course it's easier to take care of the smaller area." Antoine Gachet responded. "Since Passalacqua Manor was opened for leasing, the number of guests received at a time is very small, and because Villa Bellini is facing the lake, the name sounds so good. It’s the most attractive upstairs, so most families actually choose to live here together instead of the main building. The high usage rate has given it a new lease of life.”

"So, now the pricing strategy for the guest rooms is very clear." Han Yi clicked on the phone screen, "Puspalas has the lowest price, attracting guests who want to stay in Lake Como, but the budget is not enough for them to pay for a lake view suite. The price of the main building is moderate, well... the bedrooms with a view of the courtyard are only slightly higher than Puspalas. The suites facing Lake Como can be priced at the same price as the lake view rooms in Villa Bellini, because The suites in the main building are on average ten to twenty square meters larger than those in Villa Bellini.”

"Except for the master bedroom in the main building." Antoine Gachet added, "It's the 250-square-meter one."

"Definitely, that would be the Royal Suite in Passalacqua, or think of a more attractive name, such as the Napoleon Suite." Han Yi thought for a long time before continuing, "Puspalas, There are no major structural problems in Villa Bellini and the rooms in the main building. The most is that the interior decoration needs to be redone. So besides the 320 square meters in the attic, where is the other... 553 square meters that needs to be repaired?"

"Almost all outdoor functional areas." Antoine breathed a sigh of relief, "75-square-meter swimming pool, 106-square-meter indoor seating area connected to the swimming pool, 75-square-meter greenhouse in the olive garden, as well as the caretaker's apartment and garage. , laundry room and other rooms, a total of 96 square meters..."

"No wonder the doorman's service attitude is so rude." Han Yi said with a smile.

"Now I can understand." Antoine also laughed a few times, "There are also cellars, darts rooms, and towers, adding up to a total of 553 square meters. However, Mr. Han, it is worth our attention that these are just It's just the area that needs to be repaired on the building part. The garden, as you can see, takes a lot of effort to get into. Take the garden by the swimming pool. If the property assessment report is correct, there should be a large area here. Lemon trees, and eleven small functioning fountains... When we went to look yesterday, there was nothing there.”

"Yes, there is also a private dock on the seventh platform." Han Yi took the asset appraisal report from Antoine and read, "The walls and steps leading to the lake are all wrapped in classical Moltrasio stone. , flanked by gardens of roses, creeping jasmine and oleander. The walls - badly corroded, the steps - need to be rebuilt, the gardens - missing."

"These are the deductions that reduced the listing price from 2000 million euros to [-] million euros." "You have managed similar real estate projects before. That villa... is called..."

“Château Mont Arbois.”

"Yes, Mont Albois Winery should be about the same size as Passalacqua Manor, right?"

"The area is about the same, but there are more rooms... There are 51 rooms on the Mount Arbois side."

"Based on your experience, after buying this place for 2000 million euros, how much more money will it cost to completely restore it to the point where it can be opened as a luxury resort hotel?"

"This...it's hard to say." Antoine Gachet frowned slightly, "If I guessed correctly, you shouldn't have any intention of changing the main style, right, Mr. Han? You just want to restore it to the original style. The original state when it was built in 1787...at most, some new functional areas can be added to make modern travelers feel comfortable, such as private theaters or gyms."

"Absolutely correct." Han Yi nodded, "People who come to Lake Como for vacation must come with the mentality of experiencing the pure Italian style, otherwise the place would have been full of Ritz-Carlton and Four Seasons hotels... Since these Even the world-renowned big brands can’t squeeze in, which only shows that in Lake Como, only the retro, independent, and Italian ones are profitable.”

"Okay, since no major changes are needed, we can use the average price of a retro seaside villa of this quality on the shores of Lake Como as a reference. The average selling price of similar houses is around 15000 euros per square meter, which means , the Passalacqua Manor with a construction area of ​​more than 4000 square meters should be sold for 6000 million euros under normal circumstances.”

“Now, the Love family is willing to sell it for 2000 million euros, which means that compared with other well-run Como lakeside villas, it has a value gap of more than 4000 million euros.”

"I know that such an algorithm is very rough, but at this stage we can only make a rough estimate."

"That means I still have to spend at least 4000 million euros on restoration work."

"The value gap of 4000 million euros does not mean that you have to invest 4000 million euros in it. I estimate that...2000 million euros is enough to restore it to the point where it can be used as a luxury resort hotel. If you want to make it more upscale If we take a step up and add some services that can improve the satisfaction of modern passengers, it may be within 3000...[-] million euros."

"EUR 3000 million... restoration costs."

Han Yi silently calculated the gains and losses of this transaction in his heart. In fact, he hoped that Passalacqua Manor was in perfect condition instead of the semi-deserted scene he saw now.If it is properly maintained and can arouse Han Yi's desire to consume, then Han Yi will be willing to pay not to mention [-] million euros, but [-] million euros.

After all, as long as the positive emotional feedback is strong enough and you can earn back as much as you spend, the more, the better.

But the current situation is a bit embarrassing. According to the current maintenance situation of Passalacqua, if he spends 2000 million euros, Han Yi will only feel that he has been taken advantage of, let alone positive emotional feedback. It is estimated that the memorandum will be obtained from his Tens of millions were deducted from the cash account.The base price of 5 million euros does sound like a good deal. After all, the Passalacqua Manor covers an area of ​​nearly [-] acres. Even just buying this land is worth it.

But after buying it, is the repair cost considered consumption or maintenance fee?

Han Yi consulted them about this, but as always received no response.

The memorandum’s approach to such issues is consistent and resolute—silence.With more frequent questions, Han Yi could roughly figure out their original intention of doing this.Emotional feedback is a very subjective indicator. If you think this thing is good, then it is good. Even if it is worthless on an objective level, if you spend tens of millions of dollars to make you excited, you can still get a reward.

The same is true in nature, if you think it is consumption, it is consumption.If you think of it as a maintenance fee, it is a maintenance fee.

All answers can only be found by asking yourself from deep within your heart.

If this path works - this path means that you can get rewards for acquiring obsolete assets at low prices, and you can also get rewards for investing huge sums of money to repair them - then this will undoubtedly be another door open to Han Yi , the door to wealth with endless potential.

At that time, all real estate projects can be operated in the same way. Whether it is a hotel, a commercial office building, or even a piece of vacant land, it can be bought and then developed again.One project, multiple purchases, multiple cashbacks.

But what if it doesn’t work?

Take the Passalacqua Manor this time as an example. If you buy the manor for 2000 million euros, you will be rewarded with 4000 million euros, but you still have to invest 3000 million euros in repairs. You will work on the last transaction for several months and earn 1000. Thousands of euros, is it worth it?
More importantly, for similar projects in the future, will the positive emotional feedback generated by early consumption be that high even if we know that the repair costs will not be rewarded?

Do you think it would be okay to buy it and leave it there without repairing it?

Isn't this equivalent to buying a low-quality asset that is rapidly depreciating and then abandoning it?

This kind of consumption can be imagined with your feet, and it will not give Han Yi any sense of satisfaction.

The business practice of hoarding goods has been around since ancient times. In most cases, purchasing non-renewable resources like land, even if it is placed there, can maintain or even increase its value in the long run.

But this does not meet Han Yi's needs.

Being able to multiply wealth in a short period of time, he would never choose such a prudent and conservative investment route.

This is why Han Yi seemed a little hesitant. Faced with the "low" price of 2000 million euros, he did not make a decision on the spot. Instead, he showed Mattia Colombini and the Love family behind him that it would take some time to think about the main reason. reason.

Rebuilding Passalacqua is an unknown adventure with both opportunities and risks.

Do you want to take this step?
Or should he just place an order for a yacht during this trip to Southern Europe and wait for the TV number to bring him a cash reward?
Han Yi was unable to make a decision.

The amount of wealth hidden in the mist can continue to lie dormant in the darkness and wait quietly, but time, the fairest unit of measurement, will never stop waiting for him.

On October 10, the Frieze Art Exhibition in London officially kicked off.

Han Yi, who had spent almost a week in Lake Como and Milan, was on his way from Heathrow Airport to Claridge's Hotel in Mayfair.

The next opportunity to use money to change himself and the world is waiting for him.

(End of this chapter)