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   Date    Header Price  
-- Business-other -- Northern Region -- Chiang Mai -- --   GE Edit
27/06/2006

Serviced Apartment Block

40 000 000
UPDATE! The owner is highly motivated, and has lowered her asking price to 40,000,000 baht as she needs to relocate as soon as possible.

BKK1680GW - A Serviced Apartment Block has recently been made available for investment in the business district of Chiang Mai. The building is also quite close to Chiang Mai University and other technical colleges, so there is never a shortage of tenants. Comprising six storeys and 1,100 square metres, the building has 30 rental units. The top two floors consist of a four bedroom, 300 square metre penthouse, where the current owner has been living, but she is now prepared to listen to offers for this prime real estate, as she is moving overseas. Annual revenues of 2,000,000 baht are producing profits of 1,200,000 baht, and a new owner will be gaining an ongoing business, the building and the lot on which it sits. Five years ago, the land was valued at 10,000,000 baht, and the building at 20,000,000 baht, but they are obviously now worth a lot more.


Annual revenue 2,000,000 Baht ($50,000)

Annual Owner\'s benefit (earnings before taxes and depreciation) 1,200,000 Baht ($30,000)

Furniture, Fixtures & Equipment included in the Investment Price 80,000,000 Baht ($2,000,000)

Your Total Investment to own this business 40,000,000

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