Description

This upscale Pattaya Guesthouse is available on a freehold basis, complete with Chanote land title deed. Located in a prestigious area, the building sits in a quiet hillside location, with attractive views across Dong Tan Beach. With four floors, and 512 square metres, the guesthouse consists of seven rooms, each with a European kitchen, television, refrigerator, air-conditioning, separate bedroom, hot water bathroom and balcony. The rooms are rented out on a long term or short term basis; for one month a charge of 36,000 baht applies, while daily charges of 1,200 baht are also offered when vacancies arise. Annual bookings are also welcomed, at a rate of 17,000 baht per month. The building has been valued at 10,000,000 baht while the land is worth 140,000 baht per square metre. Annual receipts of 1,400,000 baht are yielding net profits of 1,200,000 baht, and the enterprise has only become available due to owner relocation.

Posted Jan 26, 2011

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