0568 Luxurious 30-Room Hotel in Patong, Phuket

Luxurious 30-Room Hotel in Patong, Phuket

Listing No. 66-0568

 

•Business:  Hotel with Restaurant and Bar

•Location:  Patong, Phuket.  Short walk to Jungcelon Shopping Mall (200m) and Bangla Road (400m)

•Building:  Triple Shop House of 5 levels with ground floor entry

•Size:  approximately 900m2 over 5 levels

•Features:  Restaurant and Bar with pool table, Elevator, Air-conditioned rooms with en-suite bathrooms.

•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 website and face book page which may be transferred to the new owner if required

•Rent:  260,000 baht a month

•Car Parking:  Customer car parking is nearby

•Business Operational:  Yes

•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:  3 Million Baht

•Price Negotiable:  Yes, near offers will be considered

•Security Deposit:  500,000 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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