Ready-to-use building for rent Boutique Hotel In the heart of Silom-Narathiwat
Premium golden opportunity! Ready-to-use building for rent ;Boutique Hotel; In the heart of Silom-Narathiwat the best of the golden locations! Next to the main road, Narathiwat Ratchanakarin Near the Silom-Narathiwat intersection, only 20-30 meters, convenient travel, easiest access to business and tourist attractions. Large size: 5-story shophouse, 4 units Total area over 1,000+ sq m (land 70+ sq m) With hotel license: confident in doing business (License will be received in 4 months) Money Making Potential (Cash Cow Structure) Heres your opportunity to generate cash flow from multiple channels in one building: Business Section Details Monthly Income Potential (not including hotels) Hotel rooms can be allocated 27 rooms, large size 20+ sq m/room [main income] Shop space (1st floor) 3 shops, there are already people interested in renting 150,000 baht/month (50,000 baht/shop) The shop/cafe in the lobby, Lobby Double Volume, is already rented. (For 1 shop) 150,000 baht/month Sky Bar / Rooftop, awesome view! See the water park and Silom-Narathiwat intersection. [Extra premium income] Total gross income (not counting rooms) 300,000 baht/month Parking: 5 cars Proven numbers (Feasibility Highlights) Estimated renovation budget: 8−15 million baht Break-even point (payback): only 2−3 years (from feasibility study) Rent only: 390,000 baht/month Stable lease terms Total period: 3+3+3+3 years, total 12 full years! Rent increase rate: 7% for every contract renewal Special feature: There is a chance to renew a long contract after 12 years (very high chance because the owner has renewed the contract from the Treasury Office next door) Free renovation period: Allow 3 months for renovations. Get ready to open your business Dont wait! This is an asset that is ready to generate premium returns
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Hotel
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60 m²
Premium
