9,750,000.00 THB

Jomtien Beach Condominium 4 Units in Rental Business

 

(C195) 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. Mimosa Pattaya is 7 km from the property and Nong Nooch Tropical Botanical Garden is 18 km away. Jomtien Beach Condominium is very popular and well maintained Condominium Complex in Jomtien between Soi 10 and Soi 11. This is a quieter beach area in Pattaya Jomtien. Great for walks on the beach or for relaxing on a beach chair. Drinks and food can be purchased from beach vendors. 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 maintenance and security crew are very efficient and friendly.

There are also free bicycles within the complex which can be used by residents and visitors. Jomtien Beach Condominium has approximately 20 shops including restaurants, mini marts, internet cafes, laundry services, massage parlors and bars. The building has its own Wi-Fi system, internet cafes are on grounds as well.

Jomtien Beach Condominium includes two fitness centers, two swimming pools and offers massage treatments. Guests can enjoy the on-site restaurants open all day. The condo project has a table tennis at the property, free use of bicycles inside the compound and guests can engage in various activities, such as snorkeling, windsurfing and diving

All 4 rooms with each 34 sqm living space feature balcony with panoramic sea views, garden view, pool view, view of Jomtien Beach and the nearby islands, air conditioning, free Wi-Fi Internet, LED Smart TV, DVD-Bluray Player, digital cable TV channels, kitchen with fridge, microwave, kettle and electric pan, King Size bed, bathroom with hot shower, linen and towels.

All of these 4 rooms have been fully refurbished in 2016 and 2017 and are now up and running in the rental business.  The rental business started 2 years ago is now fully operational and can be successfully continued from the first day on, including all preexisting reservations. The investment is secured by the continuous touristic development of Jomtien Beach and the prime location of the property directly at the beach. Which both contribute to stability of the real estate value and steady appreciation. The condos are all in foreign ownership, so there is no necessity of a complicated company construction which would be the case in most of other business takeovers. Another positive aspect of the investment is maximum flexibility for the owner in terms of liquidibility, because he/she will be invested in four individual, separately salable units and not only one single building in one piece.

Renting out these units is easy because of the direct beachfront location, rooms with panoramic sea view, new refurbished units of high quality, nicely maintained project and hotel amenities like 2 large pools. It also has a very easy public transportation to Pattaya city.

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 1.035.000 THB and a profit of 865.000 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 almost 10% p.a.

The present owner sells because of relocation to Europe. He will give all support and training needed to take over the running business complete with websites and booking agency contacts.

The units all have a very low yearly maintenance fee from only 7,000.00 THB per year, it can be run without staff as a one mans business,  . 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 9,750,000.00 THB plus 50 % from the transfer taxes …

You can call us 0800 176 100 or just send an email…

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