Commercial property in Pattaya, Thailand № 211144

Property description

Presenting a remarkable investment opportunity in Lapu-Lapu, Cebu, this substantial apartment building features 20 individual studios, offering immense potential for astute investors. Situated on a generous land plot of 768 sqm, the property boasts over 10 bedrooms and 10 bathrooms, indicating a well-established structure ready for its next chapter. While currently fully furnished, the true value lies in its significant redevelopment or renovation potential, allowing a new owner to modernize and maximize rental income or reconfigure for diverse uses. This property is ideal for those looking to capitalize on Cebu's thriving real estate market, offering a blank canvas to create a contemporary rental complex or a unique residential development. With a selling price of 20,000,000 baht and Thai ownership, this is a rare chance to acquire a large-scale asset with considerable upside.