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   Date    Header Price  
-- Business-other -- Eastern Region -- Chonburi -- --   GE Edit
24/05/2006

Pattaya Apartment Block

8 300 000
BKK11807GW - This sturdy Pattaya Apartment Block was constructed in 2003 and was originally planned to be 10 storeys high, consisting of 30 rooms. The owner halted construction at four storeys however, and opened the business with only 11 rooms. An investor therefore has the opportunity to run the business as it is, with annual receipts of 432,000 baht and net profits of 264,000 baht, or to proceed with the originally planned concept and finish the construction. The owner has found that he has become embroiled in other ongoing projects and has no time to supervise the completion of the original project. The freehold offering comes complete with a Chanote land title deed; the building itself has been valued at 4,000,000 baht and has total floor space of 2,304 square metres. It sits flush to the land which measures 576 square metres, and is worth 1,500,000 baht. Only one employee is needed for the day to day operation of this apartment block, and he is paid 10,000 baht per month.


Annual revenue 432,000 Baht ($10,800)

Annual Owner's benefit (earnings before taxes and depreciation) 264,000 Baht ($6,600)

Furniture, Fixtures & Equipment included in the Investment Price 39,000 Baht ($975)

Your Total Investment to own this business 8,300,000

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