16 Bedroom Shophouse for sale in Koh Phangan, Surat Thani

Asking Price: 87,000,000 THB (approx. 2,335,684 Euro)
Lease Price: 2,200,000 THB per year (approx. 59,063 Euro) with an advance of at least 5 years (= 11,000,000 THB, approx. 295,345 Euro)
REMAX ID: TN075-61

A stunning resort with 18 rooms featuring a yoga shala, sunset terrace with pool, bar/restaurant space as well as a wooden yoga deck. The resort is built on the slope of a hill leading to a secluded beach (only access through the resort or by boat). The famous Haad Yao beach with a wide range of restaurants, cafés. massage places and shops can be reached within 5 min walking distance.

This rare gem is ready for you to renovate and realize your dream in one of the best touristic areas and one of the most stunning sunset areas on the island of Koh Phangan, located in the south of Thailand.

Key characteristics:
- A total of 16 rooms + 2 under construction (+ possibility to add more)
- Land size: 2,504 sqm (Title deed Nor Sor 3 Gor conversion to Chanote in process)
- Direct access to secluded private beach
- large pool and restaurant/bar space on terrace with breathtaking views
- Needs renovation -has many unused spaces with the potential to be converted into event spaces/rooms, etc.
- Current rental income from monthly rental of 12 rooms (no cleaning, no service): 3.6M THB (income can easily be multiplied 3 to 5 times with daily rental and the offer of a restaurant & event space)
- Estimated yearly rental income for 16 rooms after renovation: 13.14 M THB (pessimistic: 75% occupancy, 3000thb/night)
- Full occupancy for many years. This is one of the most attractive places to live in Haad Yao, also in low season

Nearby:
- 2 minute drive Haad Yao Beach
- 10 minute drive Zen Beach
- 21 minute drive Thong Sala Pier
- 7 minute drive Wang Sai Waterfall
- 10 minute drive Koh Ma Beach
- 3 minute drive to nearest 7/11