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Jomtien Beach Condominium 4 Units in Rental Business

These 4 beach front condominiums are located inside Jomtien Beach Condominium S1 building on 150 meters from 6 km long Jomtien Beach. The entrance of the condominium is on Jomtien beach road approx. 20 meters to Beach and these units are in the first building beach front. Public transportation options make it easy to get around. This is a large complex with 5 buildings, 2 very nice and large swimming pools and the larger of the 2 pools has a restaurant. There are 2 fitness centers and a table tennis room. All facilities at Jomtien Beach Condominium are free to use. The business has an occupancy rate of 80% (has one of the best-rated locations in Jomtien Beach) and an outstanding review score on booking. com of over 9.5. With the present revenue of 1.248.000 THB and a profit of 1.058.000 THB, this business has still a high expansion potential. Using the vacant gaps of 1-4 nights between longer reservations, occupancy rate can be further increased. By renting more units in the same building to sublease, the number of nights for sale and therewith the income can be increased. With every new room yearly turnover ∕ profit are increased by 240.000 THB ∕ 198.000 THB at current occupancy rate. The present ROI is over 10%! The Real Estate Value of the units is 7.200.000 THB, the business plus property has a value of 10, 000, 000.00 THB. All 4 units comes on foreign name and the selling price is only 8, 990, 000.00 THB plus 50 % from the transfer taxes… Please contact us to meet the owner directly.

Condition: Used

Price: ฿ 8.99

Date posted:30/08/2018 13:55:39

Ending date (ad expires):30/08/2019(Days remaining: 41)

Region:EastProvince / District:Chon Buri

Phone / mobile:0926...?


Contact person / company:Praditrsorn

Posted in category:
Real estate, propertyUsed Business premises For sale

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