Island Resort

Island Resort

Location: Bangkok

Listing ID# BKK14020

Price: 79,900,000THB

BUSINESS SUMMARY

Impending owner retirement forces the sale of this large Island Resort. Featuring a restaurant, a lounge bar, a traditional massage studio and spa, a swimming pool and seven different bungalow styles set on over 13,000 square metres of freehold tropical gardens, the resort sits close to Trat, in the east of Thailand. Almost all of the bungalows provide air-conditioning, bathrooms with hot water, balconies, double beds, refrigerators, mini-bars, TV’s and DVD players, while the top of the range two storey villas provide over 240 square metres of living space consisting of a living room, a dining room, three bedrooms, a kitchen and a roof pavilion.

The owner of the luxury development has decided to take early retirement, and will pass on the exclusive property on a freehold basis. In the last financial year receipts totalled approximately 7,200,000 baht and yielded net profits of roughly 3,300,000 baht after all expenses were deducted. A large workforce consisting of 25 full time employees commands total remuneration of 250,000 baht per month. As there is no rent to pay, food and beverage costs and utility bills then form the bulk of the remaining expenditure. Asking price: 79,900,000 baht.

[sunbelt][/sunbelt]