Call Agent - RIVERSIDE HOTEL WITH FANTASTIC RIVER VIEWS SOLD SOLD SOLD!

171 Sissowath Boulevard, Phsar Kandal I, Daun Penh, Phnom Penh

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+855-23214322

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Hotel

$55,000

Daun Penh, Phnom Penh

RIVERSIDE HOTEL WITH FANTASTIC RIVER VIEWS SOLD SOLD SOLD!

SEAPS is Proud to Present.....
Located on Sissowath Quay with fantastic river views, this 15 bed and 2 apartment hotel is available.

Entrance to the hotel is through a restaurant, which is not part of the hotel; however, the current owner has an agreement to reclaim the space when the restaurant lease expires in 12 months.

The hotel is serviced by a lift and there are 15 rooms and 2 apartment units over 4 floors, the rooms at the front all come with a balcony and amazing river views. There is also a rooftop area which can be refurbished to create a rooftop bar.

The existing lease is for 5 years with 3.5 years to run and is renewable, the monthly rent is $3,150 pm; security deposit is $15,000. Utility bills range from $900 to $1,300 pm depending on the season, cable TV $18 pm and internet $129 pm, there are 6 staff and salaries range from $700-$800 pm.

Monthly sales are between $10,000 - $7,000 pm depending on the season and the hotel utilise Booking.com, Agoda and Expedia and the owner is willing to show his pre-bookings and financials for the hotel.

The owner is selling the hotel due to his business concerns in his homeland and the asking price is $55,000, however, the owner is very keen to sell and therefore, is open and will accept reasonable offers.

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Pricing Details

  • Price: $55,000

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SEAPS: South East Asia Property Services

Seaps has a portfolio of rental properties, including landed homes, apartments and businesses, and also sells all kinds of properties and existing businesses – in Phnom Penh, Siem…

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Location Profile

Daun Penh

You look out and see the murky waters of the Tonle Sap River mixing with the Mighty Mekong. Tuk-tuks are zooming past you almost non-stop. A few tourists with backpacks slog past…

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Agency Information

Seaps has a portfolio of rental properties, including landed homes, apartments and businesses, and also sells all kinds of properties and existing businesses – in Phnom Penh, Siem Reap & Sihanoukvill…

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Repayment $500 / week

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RIVERSIDE HOTEL WITH FANTASTIC RIVER VIEWS SOLD SOLD SOLD!

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