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Sale: ฿ 29,500,000
Full description

Listing ID: C6296

Modern 3-Storey Apartment with 30 Rooms For Sale Khon Kaen.

Modern 3-Storey, 30 Room Apartment Block For Sale on Mittraphap Road in Khon Kaen. An Excellent Opportunity in the Hospitality Industry with Positive Returns.

The owners of this modern 3-Storey, 30 Room Apartment Complex have been transferred to another province and have instructed Isan Real Estate Co., Ltd to act as Exclusive Brokerage Agents and sell!
Located just metres off the main highway, Mittraphap Road, in Khon Kaen with easy access to all facilities within Khon Kaen, this 30-room complex boasts a generous income of approximately 200,000 THB per month.
The occupancy rate is divided into 20 rooms on a monthly rent, 9 rooms as daily rent and 1 office room with reception and management. It is consistently fully occupied by locals and travellers alike. Each accommodation room provides guests with comfortable living, including; large size beds, air-conditioning, TV, refrigerator, individual bathrooms, high-speed internet, furnishings and Security Key-card.
Ample parking is available on-site for your convenience, whether it be a car or motorcycle.

It's location is just a short 4 minutes to the heart of Khon Kaen city with easy access to Khon Kaen University. For those that have researched this area and region you will already be aware of the High-Speed Rail network planned in the coming years. This will provide stop-overs, timely travel for business's and create a great deal of wealth for the Province.We ask you to consider the land price for this location and add the building replacement cost to see the real value of this property. You will realize the opportunity further when you factor in the steady and regular accommodation income.

At this price, and with the growth factor of Khon Kaen, it would be a very wise investment with immediate returns of over 3 million THB per year. Add the likely increase in land value of this location over the next few years and calculate the Return On Investment. Currently earning in excess of 3 million THB per year, and with the purchase price of just 29,500,000 THB, that equates to a 10% gross yield return! It makes for an excellent addition to your portfolio or perhaps to extend your Brand name for those already within the hospitality industry.

For further information on this great opportunity, please contact Jack on +66945281108 or jack@isanrealestate.com or Ernie +66851798729, ernie@isanrealestate.com They would be very pleased to provide you with accurate information and documentation to clarify the above details and assist you in purchasing this great investment opportunity.

Key features
Facilities
  • Air Conditioning
  • CCTV
  • Parking
  • Security
  • Wi Fi
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Details on Isan Real Estate

Listing provided by Isan Real Estate, 303 Moo 6,, Ban Pa Kao, Phak Top, Nong Han, Udon Thani. Isan Real Estate has 76 other listings.

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