55 room apartment building with 8%+ return South Pattaya (MD9000149)
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55 room apartment building with 8%+ return South Pattaya Specifications: Type of property: Apartment building for sale Units: 55 (1 large 70 SQM VIP unit, 4 midsized 45 sqm units and 48 of the 32 sqm units) Land size: 612 sqm (153 sqw) Floors: 7 Furniture: Furnished View: Area view Title: Company name Location: South Pattaya, Pattaya Price: 62,000,000 Baht Description: This property is all about location, location and location. It is actually just a few hundred meters from Walking Street and Third road. This residential property is built on 153 Talang Wah or 612 sqm has 7 floors with elevator, 55 rooms, a ground floor covered parking for cars and an outside parking for motorbikes. There is also a laundry plus washing machines available to the residents. A security system as CCTV and a guard during nighttime plus key card to get in secured the safety. On the ground floor is an office from the manager, a mini market and a shop. There are 3 room types 1 large VIP with large balcony, 4 rooms without balcony and 48 rooms with balcony. The size of every room is 32 sqm, other are 45 sqm and the VIP has 70 sqm. All rooms have air conditioning and are rented out for long term from 6.500 TH to 8.500 THB per month only the VIP room is 15.000 THB per month. The shops can also be rented out: The minimart for 15,000.00 THB, the shop 20,000.00 THB and the laundry also 20,000.00 THB per month. Most of the permanent renters are a mix of Thai and foreigners and mostly combined couples. Also several Thai residents rent and stay partly in Bangkok and partly in Pattaya. Potential buyers can have a look at the income and expenses in detail. For the moment the business runs with only 2 staff members at 9,000.00 THB per person, electricity bills paid by the renters is 80,000.00 to 90,000.00 THB per month, water bills paid by the renters is between 25,000.0 and 30,000.00 THB per month and the income is between 600,000.00 and 800,000.00 THB per month. THE PROPERTY GENERATES A 8 PERCENT PLUS RETURN ON INVESTMENT!!!
Other Details: Number of Bedrooms: 15+, Number of Bathrooms: 15+
This property is located in: Ban Hat Phatthaya (2), Ban Phatthaya, PYX, Pataja, Pattajja, Pattaya, Phattaya, Phatthaya, Port Phattaya, ba da ya, pattaya te bie shi, phathya (Chon Buri, Thailand).
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