Land size: approx. 800 Sqm’s
Built up area: 1,400 Sqm’s+ across 3 floors.
Number of studios and apartments: 19
8 x 1 bedroom apartments
1 x 2 bedroom apartment
10 x studio apartments
Sold fully furnished.
Parking: 7 cars + 7 bikes + roadside parking
Date of original build: 2012
This is a good business opportunity that produces solid returns for little effort and would ideally suit an individual or a couple that are looking to live in Samui whilst earning a steady income.
The apartment block is situated in a quiet area of Bang Rak yet within 300 meters of the beach, restaurants, shops and beach clubs. It’s an ideal location which is why it has been popular with long term expats as well as short term tourists. The 85 – 100% occupancy levels to long terms renters during the entire Covid period is a testament to its right balance of quality, affordability and location.
The apartment block has a spacious reception/office area just inside the main entrance.
The current owners have spent 5 Mn Thb since January 2019 renovating and improving the apartments to bring it to its current pristine condition. A full list of the works done can be forwarded upon request.
The business is turn-key and provides immediate income.
In addition, the sellers have applied for planning permission to add a fourth floor consisting of 5 penthouse apartments spread over a 450 Sqm area. Plans and renders coming soon. This is an option for further expansion.