PB TOWER - Office building for sale - Bangkok

PB TOWER. Bangkok - Sukhumvit 71 Road - North Klongtan ,Wattana

PB Tower Building Overview

Occupancy and Income:

• Occupancy average 2025: 76.48%

• Rental Income 2025 including carpark amount upon request

• Fully Occupied Rental Income: amount upon request

• Strong upside potential through lease-up, with clear path to stabilized income

Ownership & Key Details:

• Freehold, 55 Office units in condominium building

• Sales Price: 580 million THB

• Transfer costs: 50/50

• Gross Building Area (GBA): 22,540 m²

• Net Lettable Area (NLA): 9,810.12 m²

• Sale Portion: 8,959.35 m²

• Sellable Area Definition: All floors, except ground floor is a

• non-sellable space and a non-sellable portion on the 7th floor.

• Floors: 16 total, including 10 office floors

• Ceiling Height: 2.5–2.6 m

• Land Area: 551 sq. Wah (378 + 173)

Construction:

• Structural Resilience: Recent inspections by our building auditor has shown a structurally sound building.

• Strong structural integrity reduces long-term risk and reassures buyers about hidden liabilities

Vertical Transportation (Lifts):

• Total Lifts: 4 OTIS lifts

• Operational Mode: All 4 as passenger lifts during peak hours; 1 as freight/service during non-peak hours.

• Upgrade History: Renewed and modernized in the year 2016

• Modernized OTIS lifts reduce capex exposure and support efficient tenant movement.

Fire Safety and Emergency Exits:

• Fire Exits: 2 dedicated stairwells serving all floors.

• Firehoses on each floor

• Smoke and heat detectors: on every floor and enclosed rooms

• Dual exits ensure compliance.

Parking Facilities:

• Dedicated Parking: 113 lots

• Visitor Parking: 20 lots

• Other Co-Owners: 19 lots

• Additional Created Parking: 60 lots

• Total Practical Parking Capacity: 212 lots

• High parking ratio is a competitive advantage in Sukhumvit 71 and supports tenant retention.

Air-Conditioning System:

• Split-type units (no central chiller, cooling towers have been removed including all interior water-cooling pipes and pumps)

• Office Units: Split type units, mixed capacities, common areas are not airconditioned except front and main lobby.

• Average Age: ~7 years

• Cooling Load: 750 BTU/m² for offices; 900 BTU/m² for lobby

• Split-type AC reduces mechanical complexity and allows tenants flexible operating hours.

Electrical Infrastructure and Upgrades:

• New MEA connection cable, new RMU, new MDB equipment, new ATS, full cable replacement.

• Transformers: In perfect condition; the building has two 1000 KVA transformers and one transformer is sufficient for the demand of the building, which is prolonging the lifetime of both transformers.

• Proactive electrical upgrades significantly reduce future CapEx and enhance reliability

Energy Efficiency Measurements:

• LED lighting, motion sensors, time clocks, passive cooling.

• Air conditioners: Split types use less energy and can be used only when needed.

• Lower energy consumption improves NOI stability and reduces long-term operating costs

Staffing and Building Operations:

• Security: 7 staff

• Cleaning: 5 staff

• Technical Team: 5 technicians including building manager

• Management: 1 general manager

• Administration: 4 office administrators

• All invoicing, marketing, lease agreements, financial + technical supervision, cashflow management, payments, and Juristic Person administration are all handled in-house

• Full in-house operations provide cost control, continuity, and reduced outsourcing risk, further hiring local higher management would reduce costs further

Standard Decoration:

• Provide new tenants with LED Lighting, acoustic T-bar ceiling, sufficient air conditioning and of course electricity and telephone outlets. Flooring above 40m2 up to negotiation