|Freehold Tenanted Guesthouse and Nightclub in Central Pattaya
Listing No. 066-12-02-053
Features: Tenanted mid-2019 with a brand new fit-out on ground floor where the nightclub is situated, the guest rooms upstairs were refurbished in 2017. Considered perfect for an investor as it is fully tenanted (premises, furnishings and equipment) on a 3 year renewable lease, the property requires virtually no effort on behalf of the owner with income guaranteed. It is located just off the high foot traffic area of Soi Bua Khao, Pattaya, in a small but lively little Soi. Soi Buakhao is one of the busiest streets in Pattaya and is the heart of the entertainment district. It has become the new ‘hot spot’ in Pattaya. The nightclub was created by the tenants and has been refurbished to Western standards. Upstairs, there are a total of 8 rooms set over three floors. The daily room rent is between THB 500 and THB 1,000. All the rooms are modern and have beautiful bathrooms, TV’s fridges, mini-safes and DVD players. The property is very well located, close to many hub activities and also far enough away to enjoy a little bit of privacy. The owner, who is a long-time resident in Thailand, and his Thai wife are moving into retirement and are keen to sell. Price is very good for this location noting the building is in excellent condition, fully tenanted and with all paperwork needed for immediate transfer. Gross return on investment for this property is around 6% per annum.