FARANG-FRIENDLY
3br-3bath Shophouse/Restaurant/Bar
3.1 Million Baht

CONTACT
Bill Main: 09-729-9619

LOCATION
(Just South of Phuket City on Thanon Kwang)
This property is conveniently located on Thanon Kwang, the original road connecting Chaofa East and West Roads, a few kilometers south of Central Festival and Phuket City - both of which are easily accessible in a few minutes. At the east end of the road is a new Siam Commercial Bank branch, while at the west end is a row of shop houses one of which is home to The Swiss Restaurant. Half-way down Thanon Kwang, on the south side, is a Home Mart and a single entrance road leading to two housing developments: Jomthong Thani and, the more recent, Ban Maneekram. As you turn in to the entrance to the village(s), there is a row of four shophouses on the right - three yellow and one white. Ours is the last one on the right, the white one. The address is 10/390 Soi 1, Thanon Kwang, Jomthong Thani, Phuket.

QUICK FACTS
Building: The building itself is 12 meters deep and 4.5 meters wide, and was competed in the fall of 2005, and has a chanote.
Ground Floor: The ground floor has a restaurant/bar area, a large kitchen area, a bathroom, and three 2 x 1 meter windows. We have added a nice front patio and back kitchen which add on to the 12 meters in depth, and are each 5.5 meters wide.
Level Two: Level 2 we extended to 6 meters deep (from 4) and is 4.5 meters wide and we added a large, luxurious bathroom. This level has a bedroom/office (3 x 4.5 meters) plus a closet area, and one 2 x 1 meter side window.
Level Three: Level 3 has two bedrooms. One is 5 x 4.5 meters with a closet area, a 2 x 1 meter side window, two front patio doors (to small patio) and windows to the sides of the doors, ie, lots of light. The other is 3.5 x 4.5 meters with a closet area, and a 2 x 1 meter side window, and back wall French-style windows - also lots of light. Both have views over the villages and to the mountains. Between the two is a nice bathroom with shower, toilet, and sink., plus a "landing" area.
Main Features: Many additions including front patio; back kitchen; a second-floor extension; seven 2 x 1 meter side windows; tile and paint upgrades; a bar; large-capacity water system with hot-water taps throughout; Internet network, UBC, electrical outlets and telephone access points at multiple locations in the (3rd floor) bedrooms and restaurant/kitchen areas (with additional UBC and electrical outlets on the front patio); restaurant tables/chairs/large refrigerator; two (large and small) sliding front roll-doors; home theater unit, air-conditioner, ceiliing fans, track lighting, etc., etc., etc.

Restaurant & Bar
Restaurant & Bar View - Night

BACKGROUND
My wife and I wanted to buy a shophouse/restaurant, but we wanted it to have many modern, upgraded features and facilities. So we found a unit under construction in a perfect, convenient location at the entrance to Jomthong Thani Estate/Ban Maneekram and worked with the builder during construction to make it a first-rate property. The building was completed in October of 2005. Unfortunately, we were unable to purchase the property we built - and had invested over 500,000 baht worth of additions and upgrades in. We love it here and would like to stay so we have two options for a potential buyer: 1.) Buy the shophouse as an investment, and we will sign a two-year lease at 15,000 baht/month and remain here, 2.) Buy the shophouse and you can run it as a restaurant/bar or simply live here with its numerous features and amentities. This unit is an end unit, with views, multiple side-parking spaces, etc. not available to the inside units. The base price for the inside units is 2.5 million baht ) while the end units are sold at base price 2.6 million baht. This is the only one available. We have put in over 500,000 baht of improvements and upgrades bringing the total selling price to 3.1 million baht. What we have added during constructions - on top of the shophouse's base price - is itemized below, along with our cost.

IMAGES
Front View / Front View 2 / Front View 3 (Night Inside) / Front View (Empty) / Outside Front View Night / Outside Front View 2 / Outside View All Shophouses / Front Patio / Front Patio Night / Side View / Rear View / Bar Area / Bar Area at Night (Low View) / Bar Glasses Rack / Bar Shelving Unit / High-ceiling Track Lighting / Home Theater / Left Side Interior / Right Side interior / 1st Floor Side Area / Kitchen Area / L1-Bathroom / L2-Bathroom-Sink / L2-Bathroom-Extra-Large-Bathtub / L3-Bathroom / Restaurant & Bar (night) / View From 3rd Floor


SHOPHOUSE BASE PRICE (END UNIT) = 2.6 million baht
TOTAL IMPROVEMENTS = 507,000 baht
TOTAL SELLING PRICE = 3.1 million baht

Itemization of additions, improvements and upgrades from base:
GENERAL – 47,000
+Upgrade to DuraClean washable semi-gloss paint used on all of the exterior and interior
+Floor tile upgraded to larger size, better quality
+Stair, porch, back area, and L3 patio tile upgraded to better quality
+Front, sliding door upgraded to two-piece
+Double-door, glass front restaurant refrigerator (15)

CONSTRUCTION – 295,000 baht
Outside – 48,000
+Front porch (5)
+Front porch roof, with tarp (20)
+Front pavement (3)
+Back porch extension and ramp (5)
+Back porch roof (15)
Level One – 78,000
+5 meter kitchen counter with tiles (5, with bar below)
+2 meter bar with tiles, column, and electric control panel
+Large, two-well restaurant sink (10)
+Corner bar shelving and overhead glasses rack (3)
+Upgraded floor & wall tile, and sink added to bathroom (3)
+Two overhead ceiling fans (2)
+Three 2x1 meter aluminum windows (15)
+Home theater/stereo sound system with TV, Subwoofer/Rear Speakers (40)
Level Two – 132,000
+2 meter floor extension to L2, with wall (35)
+Added complete luxury bathroom with large bathtub, glass blocks, mirrors, lighting, etc. (85)
+Clothes closet enclosure, with hanging rod(s) (2)
+Two 2x1 meter aluminum windows  (10)
Level Three – 37,000
Clothes closet enclosure, with hanging rod(s) (2)
Two 2x1 meter aluminum windows (10)
Upgraded tile, sink, toilet, shower, glass blocks, exhaust fan in bathroom (6)
Two ceiling fans (1)
One air-conditioner (18)

ELECTRICAL SYSTEM – 65,000 baht
Outside
+Front porch outlets
+Front and back porch lighting
General
+Track lights added to main area
+Multiple incandescent light points added
+Multiple electrical sockets added
+All light switches on rheostat

WATER SYSTEM – 93,000 baht
+2,500 liter water storage tank (20)
+200 liter pressure tank (12)
+150 liter water heater (14)
+Water pump (7)
+Labor, materials (copper) for hot water in kitchen sink, L2Bathroom: Sink and huge bathtub, L3Bathroom: Sink and shower (40)

PHONE/INTERNET/UBC – 7,000 baht
+Phone line added in house, more available – points in both L3 bedrooms, and L1 (3)
+UBC added in house – points in both L3 bedrooms (multiple), L1, and front porch (1)
+1,024/512 ADSL Internet added in house. House hard-wired with internet access in both L3 bedrooms and L1 (3)

IDEAL FOR:
INVESTMENT - Buy the property and lease it back to us.
We helped build this place, put a lot of money into it during construction, and planned to buy it upon its completion in the fall of 2005. Unfortunately, we were unable to. But we would absolutely love to live here if we could get a suitable arrangement. If you are interested in a property for investment, this is perfect. We are willing at sign a two-year lease immediately at 15,000 baht per month and will stay here and take care of the place we helped build.

RESTAURANT/BAR - Buy the property and run a restaurant/bar from downstairs.
As you can see from the pictures, the property is set-up to be a restaurant. We have six tables and twenty four chairs, a large double-door glass front restaurant refrigerator, tons of chinaware, silverware, glasses of all kinds, a nice bar area, and a built-in stereo/home-theater system with 29" TV - all included in the selling price. The villages inside the subdivision have over 325 homes with many more being built, with the shophouse located at the only entry/exit point to them. Also, the Home Mart across the street has many staff. There is great potential for a successful restaurant/bar here.

Call Bill at 09-729-9619 for an appointment to view.