Great Guesthouse In Good Patong Location For Sale

Business description

Located right at busy Rat-U-Thit street on about 5 minutes walk from famous Bangla road and the beach you will find this 22 room well maintained hotel. The ground floor covers a reception area, 60+ seat restaurant and bar and lift. Each air-conditioned room is tastefully furnished with king-size bed, TV, mini-bar and safety box. The business has been operational for over 8 years and with an annual occupancy rate of 63% it has build up a very healthy client base. There are still 4 years left on the lease contract and a rent of 220.000 Baht per month makes this business an excellent opportunity. Special offer only 2.9 million Baht. Only serious inquiries please.

Property information

Real Estate:

Lease

Leasehold rent:

$87,400 per annum

Size in square feet:

5,000

Business Operation

Reasons for selling:

Non-core business

Trading hours:

24/7

Employees:

6

Years established:

8

Other information

Furniture / Fixtures value:

$45,000 (included in the asking price)

Inventory / Stock value:

$4,000 (included in the asking price)