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Re sale Howzat co., Ltd. & Prohocorp Co., Ltd.

Price 78,500,000 baht (ต่อรองได้) but negoitable for serious buyer who can provide proof of funds.

Following property details

Re HOWZAT income.

Details Howzat tenants, buildings A. B. C, D & E.

Building A Miac Automation Co. Ltd,
3 story offices, 72m2 x 3 = 264 m2
warehouse 264m2 + mezzanine 54m2 = 318m2
Total 534m2 @ B170-79 m2 = B 91,200-00 per month.
New lease now processed expires 30-7- 2021

Building B, vacant
warehouse 14m x 25m = 350m2
includes office 5m x 4m = 20m2
rental @ B 200 m2 = B70,000 p/m

Building C, vacant
warehouse 12m x 20m = 240m2
includes office 5m x 4m = 20m2
rental @ B 200 m2 = B48,000 p/m

Building D, vacant
warehouse 12m x 28m = 336m2
includes office 4m x 4m = 16m2
rental @ B 180 m2 = B60,480 p/m

Building E, Schuler (Thailand) Ltd.,
offices 12m x 20m = 240m2
warehouse 15m x 20-5m = 307m2
Total 547m2 @ B180-18m2 = B98,560 p/m
Rental contract expires 31-1-2019, they will renew the contract in January 2019 for a further 3 years taking them through to 30-1-2022

Re Prohocorp tenants, buildings F & G.

Building F, TNT Express Worldwide (Thailand) Co., Ltd.
distribution warehouse 17m x 26m = 442m2
includes 2 story office 55m2 x =110m2
toilets / showers 15m x 3m = 45m2
10 electric roller shutters
Total 597m2 @ B288-107 m2 = B 172,500 p/m
rental agreement expires 31-10-2020

Building G, Majic Beauty Thailand Co., Ltd.
2 story office & packing room 5m x 25m = 250m2
warehouse & production 24m x 25m = 600m2
Total 750m2 @ B 133-333 m2 = B100,000 p/m
New rental contract for 3 years :-
1st year @ B100,000 p/m
2nd year @ B145,000 p/m
3rd year @ B152,000 p/m
rental agreement expires 31-8-2020


** Note all 2nd & 3rd year rentals for both Howzat & Prohocorp are subject to annual review based on the Thai CPI issued by the Thai Central Bank.
Each tenant responsible for monthly utility costs, property taxes, signage taxes plus all stamp duties applicable to their rental agreements.

NOTE
We had council approve to build another 700m2 building (H) at the rear of Building G, originally for Majic Beauty which we never started, this approval has now lapsed, lucky we didn't proceed with this construction which was quoted by several contractor @ around 7 million baht at that time, we could still proceed with this building in the future but would need to submit the drawings again for a new building permit.

I will email you copies of the HOWZAT & PROHOCORP land title deeds also in the next day or so.
Howzat 2 rai 3 nag 59 wah = 4,036 m2
Prohocorp 2 rai 3 nag 85 wah = 4,140 m2
TOTAL land 4 rai 6 nag 144 wah = 8,176 m2
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