Bed And Breakfast Lodging Community

Bed and Breakfast Lodging Community

Location: Pathumthani

Listing ID# BKK13722

Price: 16,000,000THB

BUSINESS SUMMARY

This beautiful stand alone property sits amid manicured gardens next to a peaceful large lotus pond in PathumThani, north of Bangkok,where it operates as a Bed and Breakfast Lodging Community. The enterprise began five years ago, but recently the owner has found his time is taken up on other projects; he has consequently decided to place the freehold property on the market. Consisting of six modified two storey teakwood houses with air-conditioning and en-suite bathrooms, sitting on land measuring approximately 12 rai (19,200 square metres), the property was recently valued at 18,000,000 baht.The large garden has been partly paved with concrete blocks to allow for the parking of up to 20 vehicles.

A tranquil orchard community surrounds the property, and it would therefore suit an investor wishing to escape the hustle and bustle of city life. The land area is covered by six different freehold title deeds; sprinkler systems have been installed as part of the area is designated for turf farming, and the property could therefore be purchased as a total package, or could be sub-divided if required. The asking price has been set corresponding to the value of the land and buildings, even though modest revenues are being made. 1 Bedroom Suites are rented out for 1,500 baht per night ,while the turf consulting division receives 18,000 baht per month in rental income. Net profits of 142,000 baht were earned in the last financial year after all overheads were accounted for. Owner financing is available and the owner welcomes all initial investment offers. Asking price: 16,000,000 baht.

[sunbelt][/sunbelt]