Figures for the potential buyer :
Rental income : 170,000 ฿ per month
Contract valid until November 2021
The rental income (170,000 ฿) is NET as all daily expenses (swimming pool maintenance, gardening, cleaning, repairs, general maintenance) are at the tenant’s expenses.
As a matter of fact, the only cost for the new owner is represented by the common fees : 67,716 ฿ per year (next payment is due for 30 June 2019).
The buyer would be left with 3 options at the end of the lease :
1) moving in
2) renewing the lease contract
3) selling the property to the tenant (over 24,000,000 ฿, to be discussed)
Land size is 836 m²
Living area is 300 m²
5 bedrooms – 6 bathrooms
Basement room (gym and storage)
House is owned under Thai company