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Patong Beach Hotel for sale
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Patong Beach is the setting for this Phuket Hotel
With 14 large rooms and a restaurant.
Sitting only 500 metres from the seafront, this building is only four years old, and therefore it is well maintained and in very good condition; there is even a Chanote freehold title in place.
All rooms have air-conditioning, satellite television, mini-bar and bathroom,and the restaurant can seat 30.
There is a fully equipped kitchen, a big bar and car parking in front of the premises.
The owner is passing on this business to a new investor as he wishes to return to his homeland in Europe.
The total floor space is 500 square metres, spread over four storeys, and the total asset value is 20 million baht.
Revenues of 1,600,000 baht are producing profits of 800,000 baht annually.
Presently, the hotel is closed down for two months every year, so these financial figures could be improved, especially with the right marketing strategy.
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