0500 Hotel -- 18 Rooms and a Penthouse in Patong Beach for Sale and Rent

Hotel -- 18 Rooms and a Penthouse in Patong Beach for Sale and Rent

Listing No. 66-0500

 

•Business: Hotel with Bar and Restaurant

•Location: Patong Beach, Phuket, Thailand. 200m to the Jungceylon Shopping Mall and less than 1km to Bangla Road and the beach

•Features: This hotel/guest-house is beautifully finished and ready for a new owner. There are 18 rooms plus a duplex penthouse. The rooftop is a bar and restaurant, and the hotel has an elevator. Each room is appointed with TV, air-conditioning, seating area, tea and coffee making facilities, en-suite bathroom, hair dryer, fridge and mini safe. Some rooms have balconies providing lovely views of the city and nearby mountains. Standard double room rates start at 800 baht a night.

•Tenure: Leasehold, 3 years renewable (3+3+3)

•Stock: Stock remaining at time of settlement is included in the price

•Online: The business has its own face book page which may be transferred to the new owner if required. Listed with the major online booking agencies like agoda and booking.com. Ranked in the top 15% in Trip Advisor in the Patong B&Bs/Inns section.

•Rent: 180,000 baht a month

•Car Parking: Limited customer car parking is available in the nearby soi's

•Transition: The owner will assist in transitioning the business for a short period after settlement, if required

•Financials: May be made available to genuine buyers, only after inspection

•Asking Price: 2 Million Baht

•Price Negotiable: Yes, near offers will be considered

•Security Deposit: 300,000 baht paid at the time of settlement to the Landlord. Subject to compliance with the rental agreement, refundable upon termination of lease agreement

•Sale Terms: 10% deposit (to secure the business and remove it for sale) and the balance within 30 days. Ownership does not transfer until payment has been received in full

•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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