This Apartment Block has three floors and 21 apartments, and is located in Sukhumvit Road, Pattaya. Each floor measures 157 square metres, and the building sits on land measuring 157 square wah (428 square metres) that is valued at 13,000 baht per square wah, giving a total land value of 2,041,000 baht. The owner invested 13,000,000 baht on the construction of the building, but property values have increased since the property opened for business. Each room is unfurnished, meaning that tenants provide their own, and consequently tend stay in the building on long term contracts. Monthly revenues average 46,000 baht, and the only overheads are electricity (about 6,000 to 7,000 baht per month) and water (2,000 baht to 3,000 baht per month). Annual receipts are therefore 554,400 baht, and these lead to net profits of around 444,000 baht per annum.

Posted Jan 26, 2011

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