Property Details

Resort with 9 bungallows and 2 suits in Koh Pangan - Thailand

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Property ID : 1555

Off market sale €550,000 - Hotel
11 Bedrooms Print

Asking price: 19 mln THB (currently around 550.000 Euro)

LAND

The land is 2 RAI 1 Ngan 18 square wah = 3672m²

There is a servitude of access registered for 2 plots on top who are allowed to use the road that is on the land (car, water, electricity). The road is about 4 meter wide. You can estimate that the 3500m² of the land are fully private

STRUCTURES

In total, there are 9 bungalows and 2 suites featuring private terraces. All rooms come with Wi-Fi and sea view (except, of course, for the pool-view suite). The luxurious bungalows and the 2 suites come with mini-fridges and a safety box. The pool-view suite has an outside living area with a dining table.

Amenities include a relaxed Thai/Western restaurant (40 seats) with a sea view sunset deck, a pool side bar, a yoga sala and a 16mx4m salt water pool.

+ 1 office

LOCATION AND FLOOR PLAN:

The land is located on the West cost of Koh Phangan. It is located at a walking distance to Secret Beach and to Haad Yao Beach – one of the most attractive beaches on the island.

THE RESTAURANT

The restaurant has been managed for resort guests mainly so, by  creating a new brand for the restaurant (specific/own name, image, marketing) it is possible to attract customers from the whole island (tourists & residents).  The restaurant can be marketed in a way to make much more profits (there are some examples on the island of local strong brand restaurants with the same turnover than the resort they are located in).

PAYMENT STRUCTURE

The Seller is asking now only for 6 mln THB to sell his rights and duties to the Prospective Buyer. The new Buyer has 2 options:

  1. To pay 6 mln to the Seller and 13 mln to the Previous Owner and he can get the ownership of the land straight away.
  2. To pay 6 mln to the Seller and 3.250.000 THB (4 times) to the Previous Owner each 2 years until 2026 and in 2026 the ownership of the land will be transferred to the Buyer.

FINANCIALS

The 2019 profit before taxes was 2 mln THB.

All details (balance sheet, income, expanses, profit, occupancy, taxes, licenses, architect plan) and other information can be provided on demand. The accounting has been kept very transparent, no hidden income. All income has been efficiantly declared.

COMPANY

The current owner is acting on behalf of his  company. It is registered at the Department of Business Development (DBD). It is a 5.000.000 THB capital company Limited.

The company holds the hotel license and the restaurant license.

Disclaimer:

Property descriptions and related information displayed on this page are marketing materials provided by the Vendor/ Developer of this property. We have made all efforts to provide accurate information, however please enquire about this property in order for you to obtain most recent information, as well as latest prices and availability!
Commissions: There is agency commission of 1-3% of the purchase price depending on the particular property and price range.
Stamp duty: Notary fees, stamp duty and local taxes may vary depending on the location of the property and type of transaction.

Features

  • Affordable
  • Amazing views
  • Capital appreciation
  • Close to beaches
  • Fully furnished
  • Resort
  • Sea view

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