This private sale of a hotel building offer is unique in every way; it cannot be beaten in terms of return on investment. The location is "the very best" in Pattaya. The building has 8 storey’s and 70 percent of the units enjoy sea view. It is 80 meters from the beach, a double A top location as no other. It is in a state that it needs to be completely renovated.
The selling price is 165,000,000.00 THB. This is inclusive transfer taxes.
Renovation towards a 3 star brand new hotel with 80 rooms takes 3 months and will cost 35 m THB. To get a 5 star hotel will be more in renovation cost.
The ground floor can be turned into a small shopping mall with 50 shops plus space for the hotel reception. The seller have worked out a system that by selling all of the units as investment for private buyers, the initial investment amount will end up over 350 m THB within 1 years.
This transaction can only be done in fully confidence and discrete, the buyer needs to show a "Letter of Intent" (LOI) and a statement of bank before showing the property and introducing to the present owner.
Please contact us to view this top located commercial property. We select potential buyers before showing and have exclusivity for this private sale.
Call Marc 0800 176 100 or email email@example.com
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