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Great Location Hotel With Restaurant Patong For Sale

Patong, Phuket, Thailand
Asking Price:
$153,000 (USD)
Sales Revenue:
$500K - $1M (USD)
Cash Flow:
$100K - $250K (USD)

This Great Location Hotel for rent with Restaurant with the main road facing and high foot traffic within walking distance from Jungceylon shopping mall.

The property offers 60+ nicely decorated rooms with en suite bathroom all with balcony, flat TV screen, WiFi, cable TV, etc. The lift gives access to all floors.

Moreover, on the ground floor a big area with a restaurant, kitchen,  tour counter for the excursion, lobby with reception. The hotel operating for a long time from the landlord that now wants to rent it out because they want to retire.

Basically there are 3 businesses in place hotel, restaurant, and tour.

The property is linked to the most important travel agency (OTAs) and also a contract with a tour operator.

Asking price: 5,000,000 THB
Security deposit: 2,000,000 THB refundable at the end of the contract
Rent: 450,000 THB per month from May to October paid every 3 months in advance
Rent: 500,000 THB per month from November to April paid every 3 months in advance
Contract: 3+3+3 years (9 years)

The images are provided for illustrative purposes only and do not concern the current business. We provide to give the location, name only by appointment with one of our agents.

Property Information

Real Estate:

Lease

Lease Terms:

9 years

Leasehold Rent:

$183,000 (USD) per annum

Location:

Main road facing and high foot traffic within walking distance from Jungceylon shopping mall.

Business Operation

Trading hours:

24/7

Employees:
14-18

Other Information

Support & training:

1 month

Contact Information

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