Freehold 35-Room Apartment Building on a Main Pattaya-Jomtien Road
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- Freehold 35-Room Apartment Building on a Main Pattaya-Jomtien Road
For Sale
Freehold 35-Room Apartment Building on a Main Pattaya-Jomtien Road
Listing Number:
- 066-12-05-054
Asking Price:
- ฿ 50,000,000
Thailand Chonburi (Pattaya) Bang Lamung Jomtien
Business Details
Licenses:
The following licenses are included:- Apartment
Accommodation Capacity:
- 86
Number of Guest Rooms:
- 35
About Rooms:
- Description: Standard Double Room
- Quantity: 7
- Room Type: Size 32m2 and 35m2
- Description: Deluxe Double Room
- Quantity: 15
- Room Type: Size 32m2 and 35m2
- Description: Standard Triple Room
- Quantity: 6
- Room Type: A King Bed and a Single Bed (Size 35m2)
- Description: Deluxe Triple Room
- Quantity: 4
- Room Type: A King Bed and a Single Bed (Size 32m2 and 35m2)
- Description: Deluxe Quadruple Room
- Quantity: 1
- Room Type: A King Bed and 2 Single Bed (Size 32m2)
- Description: Deluxe Quadruple Room
- Quantity: 2
- Room Type: A King Bed and 2 Single Bed (Size 35m2)
Average Occupancy:
- 61 - 70%
Property Details
Transfer Fees:
- Apply and will be paid by the Buyer and Seller (Divided Equally)
Connected Utilities:
- Power
- Water
Stock:
- Stock at the time of settlement is Included in the asking price
Price Negotiable:
- No, price is fixed
Agent's Comments
This fully furnished apartment building in Pattaya is being offered for freehold sale (Nor Sor 3). The building has 35 rooms and all rooms are fully furnished. The owner has just renovated 17 rooms in a modern style with modern furnishings. All the rooms have their own balcony and en-suite bathroom (with separate wet and dry areas), are air-conditioned, and have normal inclusions like TV, cabinet, sofa and beds. The building is located on a main road between Pattaya and Jomtien, and it's only 850 meters to the world-famous Walking Street and Bali Hai pier. A new owner could add an elevator to attract more clients and increase the room rate. There is also a large terrace on 4th level which could be turned into a small outdoor bar, cafe or convenience shop to increase revenue. The current owner is using this space for laundry. The building is conveniently located on a baht-bus route between Pattaya and Jomtien Beach. All rooms are also connected with CCTV at the front desk. Currently, there is a tenant who pays monthly rent and key money at THB 160,000. However the owner stated she already discussed with current tenant, if a new owner wants to run the business themselves. The current business has been branded for daily and monthly rental successfully for many years. The sale of the building has come about due to the owner wanting to devote her time to her family and her little son. The building is in great condition and no money needs to be spent on renovation. Inspection is a must!
