Beach Front Resort On Koh Phangan Lease For Sale


Beach front resort for sale in brief: Location is centrally located between the 2 major towns of Koh Phangan of Tong Sala ( 5 minutes ),the major arrival port to the island and to Haad Rin (the tourist capital of Koh Phangan ( 10 minutes ) , easy reach to all the top tourist destinations on the island, 27 beautiful bungalows, beach front restaurant and bar, separate beach front bar , 140 meters beach front, back drop of Koh Samui, a brand new beach side swimming pool, on 3.5 rai of land (5600 square meters ), options for development for more accommodation units, due to full moon parties guaranteeing a 100 % occupancy, current works at 70% monthly occupancy. The sale includes: all fixtures and fittings, stock, fully operational office, staff rooms, stock rooms, maintenance equipment, operational website with booking system, a fully paid up limited company with 2 work permits, a return customer base of around 20 %. 5 years the current owners have held the lease, 13 years left to run with the last 2 years payment already paid ( 1.8 million baht ), no rental increase over the entire period , further contract available to be negotiated by the new leasee of 20 years, Lease terms: 14 years left to run on the existing lease, negotiable lease to add at the end of the current lease, the current lease has no increase to the annual rate for the entire lease and the last 2 years of the current lease (year 13 and 14 ) have already been paid by the current owner , the lease hold rent is payable in 6 monthly intervals, Leasehold rent: $18,000 per annum.
Selling price is $680,000 For viewing contact us

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