Isan Real Estate Co., Ltd. is excited about offering this “First Time Offered”, fine 20 Room Apartment Block, plus private residence less than 100 Mt’s from Nittayo Road in Central Sawang Daen Din. Predominately, the rooms are occupied full-time by students attending nearby schools. The atmosphere is quiet, surrounded by beautiful landscaping, a few minutes walk to the school/s and includes an indoor parking lot.
All 20 rooms are fully furnished with beds, refrigerator, washing machine, satellite TV and high-speed internet to help with their studies. During the school year, these rooms are at 100% occupancy rate, whilst when holidays are on, the rooms are rented on a daily or weekly rate to visitors and travellers.
The land is freehold with a full Chanote. Whilst most of the structural buildings are located on 3 Ngaan, there is a further 1 Ngaan at the rear to extend and expand the current structure, grow vegetables, poultry or do as you please, making the land 1 full Rai! The property also has a private residence suitable for a supervisor or owner operator.
Although it does not exist now, there is an open eating area, from which a simple restaurant could be established, further adding income to the property. During the school months, the average income is approximately 75,000 THB per month. For the astute investor with a vision, this income could be increased, when considering the extra land behind and the opportunities to cater for the occupants.
The location offers easy access to schools, Hospitals, Government Offices, Department stores plus all other business you would expect to find within a city.
As a business, especially within the hospitality industry, rarely do we find such a lucrative business with such high occupancy rates.
Don’t delay, this could be yours now, before the school year commences.
Please contact Ernie +66851798729 or Ernie@isanrealestate.com. Alternatively; firstname.lastname@example.org
- Extremely high annual occupancy rate
- First time offered
- Freehold with no mortgages
- Full Chanote
- Less than 100 Metres to Nittayo Road