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1491 - Serviced Apartments

฿6,000,000

Thappraya Road

Location, Location, Location

This recently acquired project set over 4 Levels in a very prominent position on Thappraya Road in Jomtien.

Due to illness this amazing opportunity to take over this part renovated complete building. The Property is let to the Company (for sale) for a further 14 years, with a 1 Million Baht deposit already in place. The monthly rent for the whole building is 250,000 Baht per month, however, well over 50% of this is covered by the existing rental incomes from the 5 business’s already situated on the ground floor.

The current company has completely stripped the building and has extensive plans already completed to convert the structure to a 3 level apartment with front Garden Terrace. Total floor space is 1,690 Sqm with very convenient access to all local services.

The current plans were to convert to a Hostel/Boutique style resort with a total of 36 rooms, ranging from Capsules, through to 1 Bedroom Suites.

 

Already 1 of the rooms has been fully completed to show the quality, with the majority of the dirty work done to allow the project to continue.

The current owner will supply all building plans and assist with the transition of the fitting out team they had earmarked to complete the renovation. The renovation is 35% complete and an estimate of 3 months would see the project to completion.

Arrangements to view can be made by calling David on 08 6257 6067 or by email to info@pattayapropertyauctions.com

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