This “must sell situation” commercial property is located directly fronting the new inner Pattaya Sukumvit railway road and next to a new condo complex. The area is really booming and is now already constantly expanding.
This specific property is on land of 800m2 and has a busy road front location. It is a unique business opportunity that you buy direct from the builder. It is turnkey ready to move in and use as a high end spa and or short stay resort, motel style business. It has an owner or manager’s townhome with additional office premises with 7 fully furnished duplex style apartments. There also is a lovely garden courtyard with several parking spaces.
If you run this property as a bar combined with a short stay motel, the calculated realistic achievable revenues are between 300,000.00 THB and 400,000.00 THB per month. The Motel has 7 duplex apartments having 2 rooms of total 50 m2 all with new full furniture TV/DVD etc plus the shop/bar/managers office which has a 1 bedroom apartment. The current rental price is 250 THB for 2 hours and between 800 and 1200 THB per day per duplex unit. This income estimate is based on daily revenues. It has now already without any marketing almost 100,000.00 THB per month. The motel is up and running with 3 people staff. It can be a record breaker in business concerning return on investment. The price came down from the original already low 18,000,000.00 THB, the price that the Thai government placed on it, towards the present super bargain fire sale price of only 12,000,000.00 THB. The seller pays the transfer taxes. Please contact us for more details and viewings by phone 0800 176 100 or via email email@example.com
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