1205022 35-Room Apartment Building on a Main Road in Pattaya for Rent https://ift.tt/2Frflrh

35-Room Apartment Building on a Main Road in Pattaya for Rent Listing No. 066-12-05-022   Business:  Hotel 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 building is located on a main road in Pattaya and it's only 850 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 owner is offering a long lease of 3 + 3 + 3 years.  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).  The change of tenant has come about due to the owner wanting to devote her time to her family and her little son.  A new tenant will be required to take out building insurance.  The key money (part rental in advance) is paid in every 3 years.  The building is in great condition and no money needs to be spent on renovation.  Inspection is a must! Tenure:  Property Rental (Leasehold Premises). 3 years with option to renew (Rolling Lease) Asking Price:  NIL - Rental with Key Money only More Information:  Please contact us for more information (we require your name, phone number and e-mail address)

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