Property ID : R106
Sale 129,000,000฿ - Condominium
Hotel and Restaurant for long lease in Lamai, Koh Samui, Thailand.
Beach front & best location in center of Lamai (second most popular beach of KohSamui). One of the biggest bar and restaurant on this beach. Walking distance to all amenities for guests of hotel.
DESCRIPTION AND CONCEPT
Area comprised of a hotel and 2 bars/restaurants. Classical beach bar / sports bar setup + hotel building (tucked away from the noise). Bar has big screens and LCD tv’s for live sports in the Pub, pool tables. Big swimming pool with lights and Jacuzzi effect two steps from the bar stand. Operating successfully for 7 years and every year is busier than the previous. The bars, restaurants, and hotel operate 365 days per year. Good quality and service with high ratings on tripadvisor for both bar and hotel. Bar and restaurant licensed to operate 8am to 2am. Total 35 staff for hotel, bars and restaurants.
1 beach bar/restaurant and 1 pub/restaurant. Approximately 40+/- meters of beach front. Beach bar approximately 800 square meters. Pub/restaurant bar approximately 600 square meters not including kitchen and storage areas.
Hotel 47 rooms with 4 different room types and high occupancy listed online with all major booking agents and offers affordable accommodation primarily aimed at companies of friends, solo travelers, and couples. Functional western-style design in the rooms.
Expansion potential: New Swimming pool just constructed. Possible to build 20+/- more rooms depending on size of room. 3 floors. Extra revenue potential from covered roof terrace on top of hotel with seaview and mountain views.
FACILITIES AND AMENITIES
Comes with all furniture and fixtures, sound system, tv’s, fridges, pos system, cctv camera system, real time central reservation system etc. etc. Bar comes with LCD TVs and with 3 slate pool tables. Kitchen fully equipped for European and Thai cuisine.
Leasehold sale, 30 year lease total, 7 years already used and 23 years left with possible option to extend. All rent/lease is already paid and included in the price of the sale. Asking price includes all assets and rent prepaid for 23 more years+ Open to sensible offers and negotiation. Reasons for selling: 3 partners with other business interests and property overseas.