Tuesday 27 October 2015

0743 Majestic Guest House for Sale & Rent in Central Bangkok

0743 Majestic Guest House for Sale & Rent in Central Bangkok



Majestic Guest House for Sale & Rent in Central Bangkok 
Listing No. 66-0743

• Business: Massage (could be/was Guest-House)
• Location: Sukhumvit Soi 22, Sukhumvit, Bangkok
• Building: Large Town house
• Size: approximately 600m2 over 5 levels 
• Features: A grandiose building with an opulent spiral stair case and dark solid wood finish throughout. As you enter on the ground level you have the reception area with sofa seating. At the bottom of the staircase is an ornate water feature. To the rear is the medium sized kitchen which leads to the rear of the building. The next floor consists of 2 large double rooms with en-suite bathrooms and WC’s along with fitted wardrobes. The next floor also consists of 2 large double rooms with en-suite bathrooms and WC’s. On the next two floors above we have 3 good size double rooms on each floor all with bathroom’s and WC’s. There is air con fitted throughout the building. You really have to arrange a viewing to appreciate the scale of this grand building.
• Potential: currently trading as a massage, would be much better suited as a guest house
• Tenure: Leasehold, 3 years renewable (3 + 3 + 3)
• Staff: Currently 5 salaried staff
• Licenses: N/A
• Stock: N/A
• Online: N/A
• Rent: 60,000 baht a month
• Utilities: About 5,000 baht a month
• Car Parking: Limited customer car parking is available in the nearby soi’s
• Business Operational: Yes – same owner since 2008
• Reason for Selling: Other Business interests
• Revenue: About 300,000 – 400,000 Baht a month
• Financials: not available for viewing
• Asking Price: 1.5 Million Baht 
• Price Negotiable: Yes, near offers will be considered
• Security Deposit: 200,000 baht paid at the time of settlement to the Landlord. Subject to compliance with the rental agreement, refundable upon termination of lease agreement
• Key Money: N/A
• Sale Terms: 10% deposit (to secure the business and remove it for sale) and the balance within 30 days. Ownership does not transfer until payment has been received in full
• More Information: Further details will only be provided after inspection
• Inspections: 24 hours’ notice is required to inspect this business. Inspection times are between 1000 and 1700 Monday to Friday and between 1000 and 1300 Saturday
• Agents: No Agent inquiries please



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