Asking Price: 85,000,000 THB
RE/MAX:-ID: MM064-10
A stunning resort with 15 rooms featuring a yoga shala, sunset terrace with pool, bar/restaurant space as well as a wooden yoga deck. The resort is build 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 and sunset areas of the island of Koh Phangan in the south of Thailand.
Key characteristics:
- Total of 15 rooms (possibility to add more)
- land size: 2,504 sqm (Title deed Nor Sor 3 Gor conversion to Chanote in process)
- Direct access to secluded beach
- large pool and resturant/bar space on terrace with breathtaking views
- Needs renovation -has many unused spaces possible to convert to 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 by 3-5x with daily rental, use of restaurant & event space)
- Estimated yearly rental income after renovation: 12 rooms: 16,2 M THB (pessimistic: 75% occupancy, 5000thb/night)
- Full occupancy since many years: one of the most attractive places also in low season in Haad Yao
