Highlights

This 5-storey commercial building is 2 units located in Aroonsom Square, off Patong Beach Road, just a couple of minutes walk from the beach. The property is in a pleasant, well-maintained street surrounded by top-rated hotels, guesthouses and holiday rental apartments. The property presents a rare opportunity for an investor to create their own accommodation offering, or is equally suitable for many other businesses.

The building can be refurbished to 9 one-bedroom luxury apartments (2 on each upper floor and 1 on ground floor at rear with garden area) of around 60 square metres each. Alternatively, it could be 18 hotel-style rooms of 30 square metres. Either method would allow for a grand ground-floor entrance plus a shop with toilet to rent on the front ground floor.

Title & Ownership

Tenure is freehold in a single Thai name, so the buildings are available for immediate transfer. Copies of land titles are shown below along with house registrations. The owner’s name has been obscured for privacy.

Building plan & size

Building frontage to the street is 8 metres. The land titles cover an area of 25.8 square wah, or 103.2 square metres, but this ignores the fact that the building extends approximately 2 metres over the walkway front and rear. The 2nd to 5th floors therefore have an area of 128 square metres each. The total building useful floor area is around 615 square metres. It is possible to make a roof terrace on the 6th floor.

Photos

Luxury Apartments

These buildings are in an ideal location for repurposing as 9 luxury apartments with a grand entrance and a shop space for rental on the ground floor. To demonstrate what can be accomplished, we have had a design proposal done as per the images below. There would be 1 apartment at the rear on the ground floor with a garden area, and 2 apartments per floor on the remaining 4 floors.