Boutique Apartment Block With Golf & Travel Business For Sale

Business description

This boutique luxury apartment block (4 luxury aprts + fully networked office) and wholesale golf & travel company are located on the tropical island of Phuket, Thailand.

The apartment rental business, golf & travel business complement one another. Customers renting our apartments use the wholesale golf & travel facilities for themselves and friends. Golfers staying elsewhere book golf or tours through the 100's of tour desks we support and often end up using our apartments on their next visit to Phuket.

The business is growing annually. Our apartments are full most of the time as can be seen on our website accommodation calendars. Phuket currently has approximately 4,500,000 tourists pa. This is expected to rise to +12,000,000 tourists over the next 10 years.

The apartments, golf & travel businesses have been designed to run with minimum supervision. As a way of life, living on a tropical island in the 'Land of Smiles' is a very comfortable (and not expensive) existence. The business and aprts can be easily managed by one or two people and the existing staff.

Two work permits for foreigners are currently approved by the Thailand authorities.

Note that the owner has included at n/c over $200000 worth of furniture, fixtures and stock in this sale.

Property information

Real Estate:

Real Property Included

Living accommodation:

These serviced apartments all have marble/granite floors and vanities, WiFi, cable TV, a/c and are fully furnished. They all include kitchens, bedrooms, living room and bathrooms. One of the 4 apartments could be used for accommodation by the owner or management staff.

Location:

The apartment block is located on a major road but in a quiet area of Patong, Phuket. Patong is the centre of Phukets beach life and entertainment areas. It is very convenient for accessing the golf courses and other parts of Phuket. Mountain views in all directions.
Google Earth: Latitude - 7 deg 53 min 58.25 N, Longitude - 98 deg 18 min 25.58 E

Premises details:

Marble and granite floors and vanities.
Carpark and surrounding area tiled.
4500 litre water tanks with filters, pumps and electronic sensors.
Fully a/c and fans.
Heavy tinted glass in all windows and sliding doors.
Cement building.
Tinted glass throughout.
Wifi and cable TV.
Security boxes in each apartment.
1 off two bedroom aprt + 3 off one bedroom aprt + office/reception.
Balconies. Separate exits for 3 aprts.

Size in square feet:

Approx 500 sq mts

Other information

Expansion potential:

The company is growing annually. Holiday solutions including golf, accommodation-long and short term, tours, packages and medical tourism provided by us to the tourists have proved very successful with many customers referring us to their friends and rebooking with us for next year, already.

The potential for expansion is excellent with Phuket alone having 7 world class golf courses. These are all full in the high season (approximately 1400 games of golf played daily).

We also offer golf packages on more than 100 other golf courses around Thailand.

The Tourism Authority of Thailand has predicted that golfers will spend approximately 18.45 billion baht over the coming year.

In addition we promote medical tourism in Phuket. We are contracted to the largest hospital chain in Thailand with our company listed as their preferred sales agent. This is a rapidly growing area with services including Dental, Lasik, Wellness and Plastic Surgery.

Planning consent:

Chanote title (surveyed)

Competition / Market:

Over 300 hotels and tour desks in Phuket are contracted to us for the supply of golf packages and apartment accommodation. In addition several large multi-national travel companies are contracted to us to provide golf packages for their larger groups of golfers from overseas. Property values in Phuket are steady while the rest of the world is falling. Many expats locate or retire to Phuket for the comfortable lifestyle and warm climate.

Support & training:

The current staff, all English speaking, will continue to work with the new employer/owner if required. The current owner will assist with training for as long as required.

Reasons for selling:

Retirement

Trading hours:

0800 - 2000, Mon - Sun

Financing available:

An exchange would be considered with a property or business of similar value in Australia. Seller financing is available.(70% deposit, balance payable over 5 years.)

Furniture / Fixtures value:

$230,000 (included in the asking price)

Inventory / Stock value:

$100,000 (included in the asking price)

Website:

www.tropicalgolf-spaholidays.com

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