MASSIVELY REDUCED FOR A QUICK SALE — PART FINANCE NEGOTIABLE!
This new offer from Doctor Property is a small, but very successful 5* Apartment-Hotel, located at the trendy north-eastern part (Bangrak, Big Buddha) on the vacation island Koh Samui, a one hour flight from Bangkok. Due to the its hill-side location, the hotel and all the rental units offer breath-taking, panoramic sea views. The hotel is easy to access by a concrete, 200 m long road with no trough traffic. The beach is a mere 300m away with its bars, restaurants, shops. You’ve also got the Play Laem market and pier for your island hopping excursions
The four apartments in the hotel are fully furnished and provide your usual amenities, such as a flat screen smart TV , Denon-HiFi systems, and the 8x4m pool in the Pool Villa. Proven by the statistics from Booking.com – the main source of all the bookings to now – the hotel is very successful and from 2015 onwards received an award each year for its outstanding guest reviews: 93% of all guests said their stay at this hotel was either superb, good or ok.
The average occupancy of the hotel is almost double the total average for the entire island. The average guest stays here 8 nights, not the approx. 4.5 nights at the other hotels on Koh Samui. On booking.com the hotel is seen by 1,000 potential guests every day – 80% better than the other hotels on Koh Samui — but the hotel is not only represented on Booking.com, but on more than 600 more websites online. The property score of the hotel on booking.com is 8.6 at the time of listing. Due to these good ratings, the hotel made in the first 4 months of 2018 the same revenues as for the whole of 2017. The ROI of 2018 is projected to be about 15% or higher.
As the land and buildings are owned by a company, even foreigners could easily take over the hotel and get 2 work permits if needed, just by taking over shares of the company and self-appointing the CEO. For you, and the owner, there will be no tax at all to pay for this transaction. Doctor Property can get you in touch with the right people and our trusted contacts to make this as simple and hassle free as possible… if you require these services.
This Hotel was built in Year: 2012/2013
This hotel is represented on all major online booking portals such as :
- Booking.com (main partner)
— 9 flats
…and more than 600 other partner sites of these OTA’s. To manage the bookings from these websites, the hotel uses a channel manager (Myallocator) and an Access-Aplication, programmed to meet the needs of this hotel.
About 90% of the bookings come from Booking.com and each day there are about 1,000 people viewing this hotel on the site…80% better than the average for Koh Samui.
In the first 4 months of 2018 the hotel took in the same amount of revenue as the whole year of 2017. The forecast for the rental revenues is about 2.5 Mio THB for this year. As a quick example, 2018 should see a 15% return on the list price for the property. The apartment complex must be repainted and some water damage must be remedied. Various other minor repairs are needed as part of expected maintainence. Estimated cost for remedial works: 300.000 – 400.000 THB.
Are you interested in this offer? Then please contact us and we will visit this property together.
The Price is 8,000,000 THB.
Characteristics: Hotel, Guesthouse, Big Buddha., Bang Rak, Sea Views, Real Estate, Koh Samui
- ✓ Air Conditioning
- ✓ Freehold
- ✓ Fully Furnished
- ✓ Garden
- ✓ Hillside
- ✓ Pool
- ✓ Sea view
|THB - Thai Baht||฿||8,000,000.00|
|EUR - Euro||€||218,457.06|
|USD - United States Dollar||$||250,528.52|
|GBP - British Pound Sterling||£||194,321.05|
|CNY - Chinese Yuan||CN¥||1,695,602.31|
|RUB - Russian Ruble||RUB||16,786,634.60|
|ILS - Israeli New Sheqel||₪||917,798.62|
|AUD - Australian Dollar||A$||347,921.49|