Hotel and Rooftop For Rent in Bang Ramung Chonburi

Unit ID: U1982881

48% Rental Yield

Nong Prue, Pattaya, Chon Buri

$88,800

5,382 Sqft

Indoor Area

Completed

Sale Price

$88,800

About This Hotel

This property is a 5,382 Sqft hotel with 16 bedrooms and 17.5 bathrooms that is available for sale. It is located in Nong Prue, Pattaya. You can buy this hotel for a base price of $88,800 ($17/Sqft) and it is also available for long term rentals starting from $3,550 per month.

Business for Sale in Phratamnak – Hotel with High ROIHotel Features:

16 rooms
Large kitchen (can be converted back into a room)
Spacious apartment (created by combining two rooms)
Private laundry with 2 new Samsung professional machines
2 saunas
Small pool (2x4m), used as a cold bath between sauna sessions
2 jacuzzis
Rooftop area (currently used for private parties)Rooftop Details:

Not in use at the momentWith a minor renovation (around 100,000 THB), it can become a great source of income againPreviously used as a public lounge/bar for 2 months, generating around 150,000 THB/monthPotential for higher earnings by adding food services and linking with Grab/Foodpanda/Lineman (kitchen space is available)Retractable roof, controlled by remoteCondition & Equipment:Everything in the hotel is less than a year oldInitial investment: 5 million THB, including:Elevator (cost: 700,000 THB)Electricity & water bills: 20,000 - 22,000 THB/monthAIS WiFi 1 Gbit/s, with 2 routers per floorHotel Management:Can be easily managed by 1 person + 1 housekeeperFor rooftop operations, a minimum of 3 staff is requiredReason for Selling:Moving due to a bigger business project in Phuket Sale/Lease ConditionsOption 1: Business PurchasePrice: 3,000,000 THBMonthly Rent: 75,000 THBSecurity Deposit: 3 monthsSublease for 3 years with the posibility to extend.Total Move-in Cost: 3,300,000 THBOption 2: RENT-Rental contract for the entire building EXCEPT THE APARTMENT ON THE 5TH FLOOR!!! 1-3 years contract as the client requests , with the possibility to extend..120.000 THB/monthly, with 1 year prepayment plus 3 months deposit. Move in 1.800.000 thb The next 2 years the rent can be paid on monthly basis.