Serviced Apartment Long Stay

[SunbeltAsiaAdvisor]

Serviced Apartment Long Stay

Loctaion: Chonburi

Listing ID# BKK13700

Price: 53,000,000THB

BUSINESS SUMMARY

Located close to Bangsaen Beach in Chonburi province, this newly constructed Apartment Block can be reached from Suvarnabhumi Airport in one hour. Fully furnished, with air-conditioning in every room, the property began accepting rentals in January 2008; prices were set at 900 baht per night for a deluxe room, including cleaning, electricity and water, and long term rentals were set at 5,800 baht per month for a standard room. There are a total of 81 apartments in the building; 74 of these are studio rooms (standard and deluxe), but there are also seven VIP suites that rent for 15,000 baht per month. The building is complete with an elevator, a swimming pool, a laundry, a mini-mart and a car park. Many restaurants and bars are on the doorstep, while several department stores and supermarkets are within a 15 kilometre radius. The asking price reflects construction costs, land value and the worth of all furniture, fixtures and equipment. Income is 445,000 baht per month when completely full and net profits of roughly 5,000,000 baht were attained in the first 12 months of trade. Total floor space measures 2,500 square metres and there are 30 parking spaces onsite. Asking price: 53,000,000 baht.

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