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Urgent Freehold Apartment for sale soi 94

16,500,000 THB

Description

RSB004

Urgent! 21 room freehold apartment for sale

Excellent business opportunity with great return on investment. This 21 room building is fully furnished and already running as a successful business. The tenants are currently long term residents but the building could easily be used for daily rentals to increase revenue. The owner needs to relocate overseas and is motivated to sell quickly.

The building has 21 furnished rooms each measuring 16 square meters. All rooms have en suite bathrooms, balconies, air conditioning units, wall mounted fans, and hot water showers. Separate electric and water meters are installed for each room and monthly bills are paid directly by the tenants to the utility companies. The current owner has priced the rooms attractively at only 4,200 Baht per month, with and additional charge of 120 Baht per month to include wifi, water, and cable tv. The deposit with first month’s rent is 8,500 Baht per room.

The location of the building is popular with both locals and tourists in the quickly developing neighborhood of Soi 94. Within walking distance there are several Thai and international restaurants, coffee shops, bakeries, bars, convenience stores, and massage spas. The building has several useful features including gated parking space for 25 motorcycles and 5 cars, with additional parking available on the street. The first floor has a common laundry area with 2 coin operated machines. There is a 2,000 liter water tank on the roof and another backup 2,000 liter tank underground. Wifi is available throughout the building and a security system with 8 cameras has been installed. The land has a Chanote title and measures 138.8 square Wah.

Operating costs for this business are very low and little work is required. The exterior space has concrete flooring so there is no landscape maintenance needed. The business is currently running successfully with only 1 staff member. Their salary is 8,000 per month to clean the rooms and staff the reception area. They are living on site and can monitor the activities within the building. Wifi, cable TV, and camera maintenance fees are only 1,500 Baht per month.

Detail

Updated on January 22, 2020 at 4:36 pm

  • Property ID: RSB004
  • Price: 16,500,000 THB
  • Land Area: 555.2 sqm
  • Bedrooms: 21
  • Bathrooms: 21
  • Property Type: Commercial
  • Property Status: For sale

Address

  • City: Hua Hin
  • State/county: Prachuap Khiri Khan
  • Country: Thailand

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