Apartment Building for Sale With 20 Studios Offering Huge Potential to Renovate or Build New
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.
Features
Property highlights
About this property
Multi-unit apartment building with 20 studios on 768 sqm in South Pattaya offering significant redevelopment and renovation potential for investors. Fully furnished and fully operational with off-road parking, ideal for buy-to-let strategies or repositioning for higher returns. Strong investment opportunity for developers and portfolio investors seeking asset appreciation and rental income diversification in Pattaya's commercial market.
Lifestyle fit
Frequently asked questions
Is this property freehold or leasehold?
This property is offered as Thai. Contact us for full details on the ownership structure and what it means for you.
Is this property furnished?
Yes — this property is listed as fully furnished.
What is the size of this property?
This property has a land size of 768 m².
Is the price negotiable?
Contact us to discuss the price and current offers on this property — we're happy to talk through your options.