Boutique Hotel for sale or lease

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Property ID : R1056

For Sale $2,300,000 - Commercial, Land

Boutique Hotel for sale or lease, very profitable and busy 4 star hotel for lease, few hundred meters from the lions circle. 20 Suits, rooms and apartments, fully equipped to very high standard, (all imported from abroad by owner), Fully equipped Air conditioned coffee shop and terrace lounge capable of seating 55 people, Fully equipped commercial kitchen with operational stocks.
Large swimming pool and spa with a swimming lane and a shallow “beach” area for kids (80 sqm).
Average room rate: $60
Occupancy: 65% p. a., 85% in high season, 50% in low season
Earnings: 30%
The lease is for 10 years, with an option to extend 10 more years, and option to sell the property.

– The price of the property for sale is 2.3 millions dollars
– The land of the building is 30m x 20m = 600 sqm
– There are 20 rooms in the hotel
10 standard rooms
5 gallery rooms
5 apartment rooms, with 2 bedrooms inside
– The sale include another piece of land near the hotel which is the building for staff accommodation and generator storage place.
The size of that piece of land is 30m x 10m = 300 sqm also included in that price. So the total size is 900 sqm
For selling business, we put it on sale for 350,000 dollars open for negotiation
– The monthly rental fee is 3,500$ per month

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