19-Room Guest House with Elevator in Patong, Phuket
Listing No. 66-0525
• Business: Guest House
• Location: Patong, Phuket, Thailand. Just a 2 minute walk to Jungceylon Shopping Mall
• Building: 6 Floor building with entry from the ground level
• Size: approximately 408m2 over 6 levels
• Features: 15 Standard rooms and 4 Twin King Bed Rooms, serviced by an elevator. All rooms come with standard features like TV (21”), air-conditioning, fridges, mini-safes, WIFI, etc. The front desk is manned 24 hours and there is a luggage store for customer use.
• Tenure: Leasehold, 3 years renewable (3+3+3)
• Staff: Currently no staff – business is not operating
• Licenses: The new owner will be required to obtain new licenses
• Stock: Stock remaining at time of settlement is included in the price
• Rent: 100,000 baht a month (paid semi annually in advance)
• Car Parking: Limited customer car parking is available nearby
• Business Operational: No
• Transition: The landlord will assist in transitioning the business for a short period after settlement, if required
• Reason for Selling: Previous tenant left with rental arrears
• Revenue: unknown
• Net Profit: unknown
• Financials: not available
• Asking Price: 1.5 Million Baht
• Price Negotiable: Yes, near offers will be considered
• Security Deposit: 200,000 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: N/A
• Sale Terms: 20% 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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