This is a fantastic investment opportunity and a must see. It is a combined sales offer for a 23 room apartment building, PLUS a 2 storey, 2 bedroom home beside it. They are located along Soi Arunothai which leads off from Pattaya Klang (Central Pattaya Road) and joins the Sukhumvit Road.
This street is well known for its range of local businesses, restaurants, and a local school.
The 23 room apartment building rises to 4 residential floors. The ground floor has off road parking for occupants, and a commercial business space which could either be run to increase the earning potential, or simply rented to another ambitious entrepreneur. The 2nd & 3rd floors offer great scope for high returns, with each individual unit yielding 4,500 to 5000 Baht per month. Every room is equipped with air con, TV, refrigerator, wardrobe, dressing table & en-suite bathroom.
The 4th floor is still to be 100% complete, yet does have one large 1 bedroom suite finished.
The adjacent 2 storey townhouse would be the perfect living quarters for the owner or staff, making it easy to maintain and run the apartments as a business.
The apartment sits on a 60 square Wah land plot, and the separate house sits on 20 square Wah, so in total the sale covers an 80Wah² (320sq.m) land plot.
All of the property is held in a Thai company name, so the “take over” costs are very small indeed.