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This brand new Phuket Hotel has over 27 beautiful spacious rooms, and sits in the heart of the nightlife zone at Patong Beach. It can be leased directly from the landowner for a period between five and nine years, for a set monthly rent of 300,000 baht, with 50% payable upfront, and 150,000 baht then payable each month. For a five year lease this would equate to 9,000,000 baht, plus monthly rent, while a nine year lease would need 16,200,000 baht of the rent payable upfront, before monthly rent. The hotel features a 196 square metre restaurant, but this is excluded from the rental agreement. It can be purchased however, along with the hotel and land with a Chanote land title deed, for an investment of 68,000,000 baht. The owner, who has several businesses, and therefore no time to run the hotel, will accept 20,400,000 baht as an initial investment if this option were to be chosen, with the balance payable in instalments over a 12 month period. The building has been constructed to the highest standards, and is all ready to begin trading, as soon as the new owner steps in. Only 250 metres from the beach, but right in the heart of the entertainment zone, the hotel is air-conditioned throughout, with three floors and an elevator. There is a large water storage tanks with filtration system to ensure proper water supply. Besides very comfortable bedding each room has teak furniture, built in closets, a refrigerator, a safety box, a television and a telephone.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.