Hotel Patong - 42 rooms - Recently renovated - Sea view - Ideal location

Summary :

This building has 42 private rooms with bathrooms and balconies in each room. All rooms are also equipped with TV, safe deposit box and storage space. Most rooms have a double bed, some have two single beds. Rooms can be converted into studios with the addition of fully-equipped small kitchens, in order to optimize rental profitability by increasing rental prices. The first floor features a coworking space, a restaurant with a food business, a reception area and a terrace overlooking one of Patong's main streets. On the rooftop, with its magnificent view over the city, there's a swimming pool, a bar and a gym/crossfit area.

The opportunity to start your business has arrived in 140,000,000 baht or 3.565.500 euros

Location :

This building is ideally located on Phuket : Patong is the island's most touristic and festive town, ensuring very low vacancy rates all year round. Moreover, the building is located on Sai Gor Road, far enough away from the hustle and bustle and noise of the festivities, but still very close to Patong's main tourist street, Bangla Road (4 minutes' walk). So you're also close to all amenities, but just a 7-8 minute walk from Patong Beach, 2 minutes from the Patong Boxing Stadium, 15 minutes from Phuket's most beautiful beaches (Karon, Kata, Banana Beach, Surin Beach), and 30 minutes from Phuket International Airport.

Ideal customer :

1) Investors - Several operating options were studied in our profitability analysis. The most interesting of the options leads to an estimated net profitability of 7.72%. With this option, invest a total operation of 153,331,000 baht (approx. €4.035 million, or approx. $4.447 million) and receive 1.32 million baht gross each month (approx. €35,000, or approx. $38,300). Ideal location for short-term rental or long-term rental, this project will bring in approximately 16 million baht gross per year (approx. €419,000, or approx. $464,000). Rental management can be delegated to our Fred&Co Phuket agency (details of investment profitability and services on request).

2) Entrepreneurs and hoteliers - This project is ideal for launching a new business, and managing it yourself.

Contact :

At Fred&Co Phuket, we support investors in high-profitability projects, as well as expatriates in their plans to buy a primary residence in the Phuket area of Thailand. Fred&Co Phuket - Rawai, Phuket, Thailand.

+66 (0) 80-800-7400 (phone, Line,whatsapp).

[email protected]