Small Hotel In Kerobokan Bali Lease For Sale

Business description

A small, boutique-style hotel for lease takeover in Kerobokan, Bali away from the hustle and bustle of Kuta/Legian, but only 7 minutes by car to popular Seminyak. All new quality fixtures, fittings and furnishings.

The hotel is located in a busy street with lots of passing traffic and renovations have recently been completed. The hotel re-opened in August 2010 and is already a viable business. There are several cafes and small shops within walking distance.

Rental for the property has been paid until December 2022. There is also an option to extend the lease for another 5 years, at the owner's discretion.

Currently, the hotel has 6 rooms: 1 x twin, 3 x double, 1 x triple and 1 x family room.

All rooms are fitted with en-suite bathroom, air-con, hot water, refrigerator and television. Free Wi-Fi is available for guest use.

The hotel also has a large keyhole-shaped swimming pool and a well-established garden.

All furnishings, fixtures and fittings are included in the price.

***PLEASE MAKE AN APPOINTMENT TO VIEW THE PROPERTY***

***PLEASE NOTE: THIS IS FOR PRIVATE SALE ONLY, NO COMMISSIONS WILL BE PAID TO AGENTS OR 3RD PARTIES***

Property information

Real Estate:

Lease

Lease terms:

Take over existing lease / contract with nearly 11 years remaining on contract. Terms are walk in / walk out. No other lease fees are payable until December 2022.

Living accommodation:

A large room (8.5m x 5.4m), overlooking the pool, with en-suite bathroom is presently used as the owner's residence. If the 3rd floor was converted to a residence or if the owner/manager chose not to live on site, then this room could also be used for guests.

Location:

Busy street in Kerobokan, Bali

Premises details:

Land size: 560 sq metres
Buildings: approx. 450 sq metres on two levels (at present)

Planning consent:

All building and operating licenses are current.

Business Operation

Expansion potential:

The main building has three floors, however the 3rd floor has not been developed. There is a possibility to add more rooms or a private residence.

Competition / Market:

No other hotels in the immediate area.

Reasons for selling:

Owner would like to return to home country

Employees:

4

Years established:

Since August 2010

Franchise terms

No franchise terms.

Other information

Financing available:

Not available. Yearly rental also not available.

Terms are full payment on handover, "walk in / walk out"

Furniture / Fixtures value:

$25,000 (included in the asking price)

Website:

Please click here to view the link