Call Agent - RIVERSIDE HOTEL WITH FANTASTIC RIVER VIEWS

Phsar Kandal I, Daun Penh, Phnom Penh

Naim KHAN-TURK
+855 81 782 280

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$55,000

Daun Penh, Phnom Penh

RIVERSIDE HOTEL WITH FANTASTIC RIVER VIEWS

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

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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 p...

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RIVERSIDE HOTEL WITH FANTASTIC RIVER VIEWS

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