1205122 35-Room Apartment Building with Restaurant

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35-Room Apartment Building with Restaurant on a Main Road in Pattaya for Rent

Listing No. 066-12-05-122

 

  • Business:  Hotel and Restaurant
  • Location:  Pattaya, Thailand
  • Features:  This fully furnished apartment building in Pattaya is being offered for a low monthly rental and key money.  The building has 35 rooms and all rooms are fully furnished.  The owner has just renovated 17 rooms in a modern style with modern furnishings.  All the rooms have their own balcony and en-suite bathroom (with separate wet and dry areas), are air-conditioned, and have normal inclusions like TV, cabinet, sofa and beds.  The restaurant is not currently trading. It is however, fully fitted out in modern style with some furniture and kitchen equipment. Seats about 40 people. The building is located on a main road in Pattaya and it's only 950 meters to the world-famous Walking Street and Bali Hai pier.  A new owner could add an elevator to attract more clients and increase the room rate.  There is also a large terrace on 4th level which could be turned into a small outdoor bar, cafe or convenience shop to increase revenue.  The current owner is using this space for laundry.  The building is conveniently located on a baht-bus route between Pattaya and Jomtien Beach.  All rooms are also connected with CCTV at the front desk.  The current business has been branded for daily and monthly rental successfully for many years, but the owner prefers a new owner to use their own brand (but this issue may be negotiated).  A new tenant will be required to take out building insurance.  The building is in great condition and no money needs to be spent on renovation.  There is no company offered with this listing.  Inspection can be arranged after completing a Non-Disclosure Agreement (NDA).  There is no key money.
  • Tenure:  Property Rental (Leasehold Premises).  2 years with option to renew (Rolling Lease).
  • Asking Price:  NIL - Rental Only
  • More Information:  Please provide your name, phone number (with country code) and email address so we can contact you to assist

 

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