A coupling pretreatment on high-ash content biomass, namely rice straw (RS), followed by slow pyrolysis has been proposed to yield high-quality bio-oil and value-added chemicals. Hydrothermal pretreatment was combined to acid infusion to pretreat rice straw, and the physico-chemical properties and pyrolytic behavior of the pretreated rice straw were investigated. After the mentioned pretreatment, the thermal degradation temperature of pretreated RS decreased from 359 °C to 281 °C while the crystalline of cellulose decreased from 67.1% to 63.1%. The catalytic effect of alkali and alkaline earth metals in RS has been passivated with decreased amount of H2SO4, showing in the increment of bio-oil yield from 39.8 wt% to 47.0 wt%. Furthermore, the yield of levoglucosenone (LGO) from pretreated RS increased from 0.06 wt% to 8.4 wt% and the yield of monophenol products decreased from 4.8 wt% to 1.4 wt%. The present study offers an effective and sustainable method for processing agro-industrial waste with high content of ash, which enables the production of high-yield and quality bio-oil.