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43 Room Hotel For Lease With Lift Patong

Patong, Phuket, Thailand
Asking Price:
$121,500 (USD)
Sales Revenue:
Not applicable
Cash Flow:
Not applicable

43 room Hotel for Lease with Lift Patong facing a busy main street just 700 meters from Jungceylong Shopping and the city center.

The property offers 43 well-furnished accommodations ensuite bathroom, balcony, flat TV screen, wi-fi, fridge etc. Lifts give access to all floors.

Large lobby/reception with a lounge area to serve guests during check-in and check-out time.

Additional revenue:
The ground floor next to the reception is rented to a spa and generates an extra income as follows:

Key Money: 200,000 THB per year
Rent: 70,000 THB until 30th September 2024
Rent: 80,000 THB from 1st October 2024 to 30 September 2026
Security deposit: 160,000 THB

Booth: 10,000 THB per month

The property is linked to the most important online travel agency (OTAs) with a good score.

Takeover fee: 4,500,000 THB
Security deposit: 300,000 THB
Lease transfer fee: 300,000 THB
Rent: 280,000 THB until 30th September 2024
Rent: 300,000 THB from 1st October 2024 to 30th September 2025
Rent: 320,000 THB from 1st October 2025 to 30th September 2026
Contract: 3+3+3 years (total 9 years end on 30 September 2032)

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

Property Information

Real Estate:

Lease

Lease Terms:

3+3+3 years (total 9 years end on 30 September 2032)

Leasehold Rent:

$97,160 (USD) per annum

Business Operation

Trading hours:

24/7

Other Information

Support & training:

yes