This is an excellent opportunity for an investor to buy both a residential home together with an income generating business on Pratumnak Hill, one of the most desirable parts of Pattaya.
This development comprises of a town house which has been competently renovated to an exceptionally high standard and comprises of:
1 x studio apartment of 43 Sqm
5 x one bedroom apartments of 67 Sqm each
2 bedroom 167 Sqm penthouse
Maid’s room/Office 43 Sqm.
The building will also support the construction of a further floor above the penthouse considerably increasing the living space.
There is off road parking for 2 cars and a number of motorcycles plus an almost Olympic sized communal salt water swimming pool. The property also benefits from an elevator which gives private access direct to the penthouse.
Each apartment is fully furnished to a high standard comprising of open plan living areas, Large Bedrooms and fully equipped Shower rooms each self-contained apartment has its own water and electricity supply and is air-conditioned throughout. All apartments have a balcony with either a garden view which is owned by the city and is at the foot of Budda Mountain, being a protected area is both peaceful and tranquil or a sea view with the higher floors having a view of Koh Larn Island.
Maids Quarters / Office/ Storage 46 Square meters, En-suite Shower, WC and Vanity Unit.
Apt 1 – Studio Apartment with Balcony open Plan living Kitchen Dining area with En-suite Shower room, WC and Vanity Unit fully tiled.
Apt 2 – One Bedroomed Apartment with Balcony and Garden view, open Plan living Kitchen Dining area, Large Double Bedroom with Double bed and addition single bed fully tiled Bathroom with Shower, WC and Vanity Unit.
Lift and Stairs to Second Floor
Apt 3 – One Bedroomed Apartment with Balcony and Garden View Open Plan Living, Kitchen Dining area, Large Double Bedroom, Fully Tiled Bathroom with Shower, WC and Vanity Unit
Apt 4 – One Bedroomed Apartment with Balcony Sea facing easy access to the communal area and swimming pool, Open Plan Living, Kitchen and Dining Area, Double Bedroom and Fully Tiled Bathroom with Shower, WC and Vanity Unit
Lift and Stairs to Third Floor
Apt 5 – One Bedroom Apartment with Garden Facing Balcony, Open plan Living, Kitchen and Dining Area, Double Bedroom and Fully tiled Bathroom with Shower, WC and Vanity Unit
Apt 6 – One Bedroom Apartment with Sea View Balcony, Open Plan Living, Kitchen and Dining Area, Double Bedroom and Fully tiled Bathroom with Shower, WC and Vanity Unit
Lift and Stairs to 4th Floor Penthouse Apt 7
The Lift takes you directly into the Open Plan Living area of this apartment, fully fitted kitchen with and Island site and tranquil living area, the Sea view Balcony has been glazed to provide an alfresco dining area, large hallway leading to Master Bedroom en-suite with Shower, WC and Vanity Unit, beautiful garden views. Bedroom 2 is also a double again with beautiful garden views a further Bathroom with Shower, WC and Vanity Unit, Stairs lead to the Upstairs outside Terrace which has Sea Views of Koh Larn Island and is a perfect area for private Sunbathing or Barbeques.
There is a communal Swimming pool and a range outside communal areas on the first floor of the property.
The Present owners have not explored any of the potential business avenues for rentals which could be long or short term lettings, however having made some local enquires it would be feasible to generate a conservative annual income utilising only the one bedroom and studio apartments of 1.6 million Baht this figure is based on charging 1k Baht per apartment per night and a 75% occupancy rate.
Grosvenor House is owned in a Thai Company so no need to pay taxes or transfer costs.