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HUGE Price reduction for quick sale.
16 Bedroom Guest House for sale.
Superb location within the Royal Paradise Complex in Patong Beach.
Close to the nightlife and shopping facilities - and a short walk to the beach.
Consistently within the top five of all Patong guest houses listed on Trip Advisor.
Many bookings already in place for the next 12 months or more.
The sixteen rooms consist of ten large double bedrooms with en-suite shower rooms and six even larger rooms with en-suite bathrooms and kitchen facilities.
Spacious reception area, front terrace, unique "garden-terrace" on the third level, and scope to utilise the spacious roof space (possible sunbathing / decking / plunge-pool etc?) if required.
Currently just offering "room-only" but further scope to expand the business by offering breakfast/snacks/drinks from the garden-terrace.
Although advertised in US Dollars, please note that the business is for sale at 20 million Thai Baht.
Freehold sale only.
The valuation by a local real-estate agent is "guide price 25 to 28 million Thai Baht.
Price reduced for quick sale.
The business could (a) be acquired by a someone who wants to continue running it themselves as an "owner operator" or (b) purchased as a "buy to lease" investment. Either scenario makes commercial sense.
We have had many approaches asking if the business is available to lease, so we know that a new owner would not have any difficulty finding a suitable tenant. The business would be able to command a respectable sum from someone who wants to buy the lease, and then achieve a healthy rental figure.
If required, and in order to facilitate a smooth sale, we would be happy to continue to operate the business on behalf of the new owner until a suitable tenant is found.
The price includes all furnishings, equipment and Intellectual Property Rights to the trading name (logo, website etc)
If interested please contact the seller through the form on this page.
Real Property Included
One of the larger studio rooms is currently utilised for "managers accommodation"
The business is located in a quiet corner of the busy Royal Paradise Complex.
Nearby is the Jungceylon shopping centre, and also the famous Bangla Road district.
Our location is highly envied. Guests are able to walk to all Patong's attractions (beach, shops, night-life) without the need for expensive taxis or tuk-tuks.
The building consists of two units, allowing spacious rooms.
It is positioned at the end of a terrace of similar properties, and is maintained and presented in excellent condition.
On November 2015 we completed a comprehensive refurbishment program which cost in excess of 800,000 Thai Baht
There is scope to add further rooms by acquiring the adjacent property (currently unoccupied) or to enhance the turnover by offering extra services; breakfast / licenced bar etc.
The immediate area has other similar businesses, proving that there is a definite demand for Guest Houses within this area. The nearest competition is currently targeting just the Russian market.
Health issues dictate reluctant sale.
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