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Beachfront Bungalow Resort For Sale – 30 Year Lease
Posted by Ian
A 25 Bungalow Resort on 5 Rai of seafront land
Sunrise and sunset views in this unique location.
Massage Room and Private Pier
The only small resort available with a 30 year registered lease
This secluded resort is often described by guests as a hidden gem, located in the SW corner of Koh Chang it is far away from modern development and noise, only 6 minutes walk to the fishing village of Bang Bao.
Set on 5 rai (8,000 sqm) of land, of which only 3 rai is currently being used. It has a large coastal frontage and a private cove listed as one of the best snorkel sites on the island.
All bungalows have a sea view, most set on the cliff tops with some on ground level close to the beach and with a view of Bang Bao. The resort faces south allowing the perfect setting for some of the most spectacular views of both sunrise and sunset.
It is a picturesque and idyllic location. No noise or sights other than that nature intended us to see.
Bang Bao village is the gateway to other islands, boat trips and diving or snorkeling trips.
The resort consists of 25 traditional style bungalows (official documentation allowing 15 further bungalows), a large restaurant / bar set in a private cove, large kitchen, 3 toilet & shower blocks, private 2 storey house for the owner, massage room and a private pier allowing boat trips and transfer to the village.
The current focus is on “just relax” “no parties & no loud music” as the resort is secluded and surrounded only by nature. The current target group is backpackers and budget travelers, but the location would easily be suited as a higher priced resort. There is a large scope of opportunities and potential for a new owner including increased internet activity, targeting specific groups such as meditation, yoga or schools
This year has seen a 50% + increase in occupancy and turnover.
The business will continue to develop through increasing numbers of return customers, top rating on key websites and high customer satisfaction.
The running costs are low, current rent is 10,000 baht per month rising to 20,000 baht in November. The lease is officially registered and runs until October 31st 2019.
However the landowner will offer the buyer a 30 year lease registered at the Land Office to make it legally binding.
The sale includes all buildings and features, kitchen & restaurant equipment, adsl connection, satellite (UBC) connection, own website and listing on key booking websites.
The resort is well maintained and will be fit for business immediately on takeover.
The owners can remain for a transition period after takeover.
Also the owner will offer their Thai Registered Company which is required for foreign owners. This is a great advantage to any 1st time investors, saving considerable time and money.
Price: 8,000,000 baht
Photos
Tags: bangbao, beachfront, bungalow resort, hut resort, koh chang property, leasehold, resort for sale, sea views, small business Filed Under: Businesses For Sale
