0604 Partly Constructed Hostel for Rent in Koh Samui

Partly Constructed Hostel for Rent in Koh Samui

Listing No. 66-0604

 

 

• Business:  Hostel
• Location:  Maenam, Koh Samui, Thailand
• Building:  Six main buildings in a garden setting, with use of a nearby swimming pool
• Size:  approximately ½ rai land size allocated to the hostel, but on 6 rai of land
• Features:  up to 9 bunk-beds in the main area mixed, 4 bunk-beds for female area + 3 Bungalows with each 2-3 bunk beds + house with kitchen can be used for breakfast, living area , more VIP rooms with air-conditioning or another 10 bunk-beds - total 52 occupancy max.
• Tenure:  Leasehold, 3 years renewable (up to 7 years)
• Online:  The business has its own face book page which may be transferred to the new owner if required. 
• Rent:  40,000 baht a month
• Utilities:  unknown
• Car Parking:  Limited customer car parking is available nearby
• Business Operational:  Not yet – hostel needs to be finished - construction of walls, bathrooms and interior.  The house is ready and just needs beds.  The bungalows need some maintenance.
• Transition:  The owner will assist in transitioning the business for a short period after settlement, if required.
• Revenue:  The owner predicts the hostel is best and with a maximum of 52 guests at 250 baht a night.  At 60% occupancy, this will produce revenue of 237,000 baht a month
• Asking Price:  Rental Only
• Security Deposit:  120,000 baht paid at the time of settlement to the Landlord.  Subject to compliance with the rental agreement, refundable upon termination of lease agreement
• Key Money:  One-time payment only of 700,000 baht
• Sale Terms:  One months’ rent in advance and payment of the key money to secure the business and remove it for rent
• More Information:  Further details will only be provided after inspection
• Inspections:  24 hours’ notice is required to inspect this business.  Inspection times are between 1000 and 1700 Monday to Friday and between 1000 and 1300 Saturday.
• Agents:  No Agent inquiries please

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