#3194 Short / Long Term Residential Character Resort Business For Sale
Location: Nong Prue, Pattaya
Environment: Quiet side road easily accessible from the city, local restaurants and bars & also the highway network
Built up area : approx. 5500 square meters
Business: Short / Long Term Residential Resort including Bakery and Spanish Restaurant
Legals: 3 chinod title deeds. Some sold from Company and some Thai name 50/50 land office
Price Guide: 95,000,000THB for the full resort, 4-0-61 (4rai 61tw – 6,644m2). 3 Chinod title deeds
OR
Price Guide: 73,500,000THB 3-0-17 (3rai 17 TW / 4868m2 2 Chinod title deeds (36 houses – 24 two Bedrooms and 12 one big Bedrooms), Swimming Pool, Mediterranean Restaurant plus 2 car parks. Option to buy balance of the resort
In Full
Carefully and lovingly constructed: 2013 by the present owner
Rental Units:
46 individual units comprising 72 bedrooms total: 21x 1Bedroom houses. 24x 2Bedroom Houses. 1x 3Bedroom Villa with private swimming pool. 1x 2 storey Large Equipped Bakery with walk in oven. 4x Studio Apartments. 1x Poolside Mediterranean Restaurant. 1x large Communal Swimming Pool
Our website entry: https://huay-yai.com/property/3194-short-long-term-residential-character-resort-business-for-sale/
Communal facilities include: 3 Parking areas. Large Paved Plaza. Guest Bathroom.
Each house is 95 – 100m2 and comprises:
Front Terrace
Large Living Room
Kitchen Area
Spiral Staircase to Second Floor Landing
1 – 2 Bedrooms some with small balcony
Bathroom.
This is not a normal run-of-the-mill regular resort. Pre covid, it specialized in long term rentals with a high to exceptionally high occupancy rate. This enabled it to be run with VERY few staff (3) as each unit was self contained and looked after their own laundry, cleaning and cooking etc. It’s clientele was predominantly farang including contract workers in the industrial estates and off shore workers who would keep a permanent room. Staff responsibilities were thereby limited to external upkeep, a few check ins and changeovers. The resort has benefited from a recent overall with new roofs and external decoration. The resort now needs new owners, enthusiasm and some upkeep to the inside of the rooms and updating of furniture
Well constructed with an abundance of flair and style and leaning heavily on a Mediterranean influence and style it is built around 2 separate plazas, one with communal swimming pool and restaurant (on rental), guest bathrooms and the other with a central fountain. There is a vacant two storey bakery (with elevator) and large walk in oven which has supplied 3 or 4 restaurants in town tied to the whole business. The character of the buildings and plazas is most apparent with stonework, brick work and rendering from every corner. Select artwork has been placed throughout the resort to make it distinctive and attractive.
Each unit is self contained with their own electricity supply / meter, kitchenette and up to 2 bathrooms
35 parking spaces in 3 parking zones
In Our Opinion: If set up correctly, this could once again be an easily run productive business. Easily managed with rental income from restaurant, bakery, and 46 residential rental units. With its immense character and charm it should be full of happy customers.
Baan Na Garden Restaurant, Huay Yai: 9.1km
Sukhumvit Road: 4.4km
Phoenix Gold Golf Course: 15.1km
Pattaya (Threprasit Road): 6.2km
Utapao International Airport: 38.2km
Suvarnabhumi International Airport: 115km
Rugby International School: 13.5km
Entrance Bangkok – Maptaputt – Pattaya Route 7 Toll Road: 2.8km
Bangkok Hospital Pattaya: 5.9km
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(English) 0861337180
(Thai) 0818659060