Retail for sell: 4,232 sqm in Pa Phai

Fully Operational 128 Room Dormitory Building Complex Business With Cafe For Sale

Highly rated and fully booked, this 128 room dormitory/apartment complex is near Mae Jo University in Nong Han, San Sai. Designed by expert architects, the building offers both functionality and the aesthetic style of a resort hotel.

A few highlights:

Common areas to sit and relax Café catering to the local residents and other students in the area The atmosphere is peaceful with tree arrangements and greenery offering an oasis of shade and tranquility So popular there is a booking queue!

The complex consists of 3 main buildings and two houses for a total of 128 rooms for rent (not including 1 house):

Building 1 - 4 floors - 58 rooms - Larger than normal dormitory rooms, designed more like condo rooms. Sunrise views of Doi Suthep. Interested residents usually have to get on a booking queue for this building as the price for the atmosphere is unbeatable in the area. Building 2 - 4 floors - 36 rooms (27.3 Sq.m) + 1 suite (70) + 1 café and koi pond - Coin operated washing machines and drinking water dispensers in a common area. Building 3 - 2 floors - 28 rooms Single Story building - 4 rooms - For employees or students to rent. House - 3 bedrooms, 3 bathrooms, 1 living room, 1 office

There is approximately 88 M. THB in asset value alone (land and building costs). After over 20 years of developing this business, the owner wants to retire. This is a turn-key business making approximately 450k Baht in profit every month after expenses (over 500k in revenue). This is a great value for money as the asking price is below asset costs and the owner is not asking for any multiple of yearly revenue (essentially giving the business away and just selling the assets).

Contact us for a viewing and to find out more details about this great opportunity!