: 4 STOREY building housing monthly tenants with  33 double rooms, 1 office, 1 penthouse on the top floor views of Doi Suthep near Mengrai temple  and in the old city near Ratchamankha Rd. Land area is 143 talang wah and easily converted into a Guesthouse. each room has ensuite with small balcony & furnished with supboard, double bed & ceiling fan. Penthouse contains one double bedroom, large living room, kitchen, bathroom and private terrace. FREEHOLD with land and buildings. has full network phoneline to all rooms, water pumping system and storage tank, waste water septic tank abnd deep well. Has ample parking for cars and motorcycles and plenty of space in great condition. This is an excellent commerclal buy and for sale now 18.2m baht. Refer Commercial 1.

PROFITS: this is a successful family business and the elderly owner wants to retire. Buildings like this are very hard to buy in the old city.. Annual profits are 624,000 baht from 840,000 baht receipts. Annual interest from 18m baht on your investment in this business is 3.46%. prices have increased in property this year. With a conversion to a Guesthouse the returns would be in excess of 2m baht p.a. based on 300 baht rentals per night per room so your profit margins are good. if you are interested please email us. cmhouses@gmail.com