Center Pattaya 8 Room Guesthouse / Hostel / Laundry/Restaurant Take Over
(B122A) This delightful guesthouse is all about location….near third road towards soi Lenkee but walking distance to the many attractions offered in Pattaya but prefer to reside a short walk away from the hustle and the bustle of the never ending nightlife. This location for instance has an abundance of excellent restaurants and acts as a gateway to the popular LK Metro, Soi Diana, Soi Bua Khao areas, where clients will discover a wealth of girly bars, music venues, shops and markets. Taxi motorbike stands are located near this venue, making it easy to get around and parking is obtainable at the entrance to the building. It is centrally located making it perfect as a base for tourists who come to see the many attractions Pattaya has to offer or wish to enjoy the city’s wonderful nightlife.It is run by the same owner since 2017.
The ground floor has a shaded seated area, which sort of sits on a small veranda. The customers can relax and enjoy a drink, sheltered from the hot sun but still view the activities of Third Road. If stepped inside to the guest house, it resembles someone’s living room. With its large comfortable sofas, Hi-Fi, scores of DVDs to watch on television in an air conditioned environment, it feels like being at home. The entertainment is provided by televisions featuring sport or music videos or you can enjoy one of the aforementioned DVDs. There is a pool table, which is free to play and Wi-Fi is provided courtesy of the venue. There is seating for up to 30 people at Pagoda 4, in very pleasant surroundings.
There are four ladies on duty at any given time, all of which are extremely friendly and courteous. Clients are invited in with a warm smile and served in an efficient manner.
There are four floors to the premises offering large, spacious rooms. Nine of the rooms feature a large bed, a safe, air conditioning, fridge, kettle, microwave, TV, Wi-Fi and free bottles of water. They also contain a small dining table, a computer desk, drawers and wardrobe for your clothes, bedside lamps, en-suite and a sink in the kitchen area. They all are self-contained in these rooms. There is also a further two large rooms, comprising of nine beds in a dormitory/hostel style, affording cheaper accommodation for those travelling on a budget. But shared rooms do not mean you lose out on amenities. The bed is curtained off for privacy, has its own reading light and power sockets, which is deal for laptop use and charging phones. Each bed has a personal safe for added security and clients have air conditioning and Wi-Fi too. The corridors and staircases feature picture of Buddhist monks, who arrive frequently to bless the venue. For convenience, there is an onsite laundry service, where clients can leave dirty clothes and they will be returned washed, ironed and folded.
Breakfast is available in the form of fruits and cereals along with teas and coffees. If clients are seeking a nice venue to enjoy a drink in peaceful, comfortable conditions, any time of the day or night, then this is an ideal bar to visit. Clients can book daily, weekly or monthly at the guest house.
There are 8 hotel rooms and 2 of them are being used as Hostel with 4-5 beds in each room, a big reception and possibility to use as bar in the front, a separate entrance to what was laundry shop but now used as kitchen and it also can be coffee shop also. Here are big possibilities there, there is also a laundry there up and running and it gets a lot of laundry from LK President hotel also. The rooms are probably the best ever seen kitted with new flat TVs, fridges, aircon, kitchenette, microwaves, toasters, plates, utensils, new IKEA beds!
For the moment the present owner not run it actively as a bar but that is changes in a few days if wanted.
This property has a small key money from only 135,000.00 THB every 3 years or about 35,000.00 THB per year. The monthly rental is only 42,000.00 THB and there is the deposit is included in the takeover price. With 85-90%, occupancy in high season it has an estimated ROI of 13% ROI. Electricity is between 6,000.00 and 13,000.00 THB per month. It gets 30% clients through Agoda and the rest is walk-ins. Room prices are between 1,000.00 and 1,100.00 THB per day.
THIS BUSINESS CAN HAVE 3 SOURCES OF INCOME BEING THE ROOM RENTALS, THE LAUNDRY AND THE RESTAURANT/BAR.
The business is offered from a Thai name without Ltd Company. The present business owner has spent around 500,000.00 THB in renovation. This take over price is 1,900,000.00 THB all included.