Commercial property in Kathu, Thailand № 251378

Property description

 It is located in Patong, Phuket and was completed in Jan 2006. You can buy this retail space for a base price of ฿35,000,000 (฿145,833/SqM). A rare chance to buy a freehold commercial property with a running restaurant in the heart of Patong's nightlife district. The restaurant sits in a side lane directly off Bangla Road, about 300 metres from Patong Beach, and has been trading for 20 years.This is a sale of the property itself, not a lease. The building comes with a Chanote title deed and the restaurant is sold fully equipped, which gives the new owner full flexibility:Keep the restaurant running under its existing name, with staff and equipment in placeLaunch a new concept in the same premisesRent out the building to an operator, an attractive option in a location with this much foot trafficPropertyTwo-storey building, 240 sqm total floor area (120 sqm per floor)Chanote title deed (freehold)Seating for 70 guestsAll kitchen and restaurant equipment includedBusinessIn operation for 20 yearsTeam of 10, with 7 staff ready to stay on under a new ownerStaff already handle purchasing of ingredients and suppliesCurrently licensed for alcohol (spirits and beer), tobacco and entertainment venueRevenue: THB 15,000 to 20,000 per day in low season, THB 70,000 to 80,000 per day in high seasonRunning costsStaff salaries: THB 14,000 to 18,000 per person per month (excluding tips and overtime)Electricity: THB 20,000 to 25,000 per monthStock purchasing: approx.