15 garden bungalows offering shared or private accommodation, complete with kitchens, lounge areas, private terraces and communal spaces (Bar/Lounge area and small Yoga Shala).
With every bungalow having its own kitchen, bedroom, bathroom, and outdoor terrace it’s a great hub for guests to unwind at their own pace. And with our location being so central going to parties or adventuring around the island is also very easy. Undoubtedly one of the most attractive assets of the business is its beautiful swimming pool. It is a lined pool and easy to maintain.
The communal areas were refurbished in 2018 and transformed from the old owner’s private area to a lovely relaxed shared space which can be used as a bar or lounge area for all guests. The area includes a space currently used for an office, communal toilet, pool table, BBQ area and seating. All soft furnishings and equipment can be included in the sale if negotiated. This space also includes a large main house with three rooms, a kitchen and a bathroom which can be used for accommodation, restaurant or private use by the owner. A small shala is also in the garden which is used for relaxing, yoga, meditation and small gatherings.
There is a lovely beach only 3-minutes drive or 10 minutes walk away from the complex, and Thongsala Pier is only a few minutes from this beach. It is very close to all Amenities, many retail shops nearby that make it very convenient for the guests. This area is very well-known and is recognised as the main town of Koh Phangan. Water supply is drawn from a well and the owner charges guests 7 baht per unit metered for monthly rental only. Currently, the houses rent out on a monthly and daily basis. The daily rate is between 500 to 2000 baht per night, the monthly rate is 10,000 baht to 25,000 baht a month. It is already advertised through booking channels like booking.com, agoda.com, etc. The new owner will even have bookings in advance.
The business is already set up with booking software Cloudbeds, which is linked to booking channels and also comes with many extras to help you manage expenses and income. The Houses are equipped and furnished, with lovely gardens and a beautiful swimming pool. Just awaiting the right owner to manage and make money.
Tenure: Business Rent (Leasehold Premises). 3+3+3 total 9-year lease with the option to renew (Rolling Lease).
First 3 Year Contract Rent: 77,000 THB Per Month Second 3 Year Contract Rent: 88,850 THB Per Month Third 3 Year Contract Rent: 83,275 THB Per Month
Asking Price (Key Money): 4 Million THB or Open to Realistic Offer
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