Beautiful Hotel Retreat in Siem Reap for Freehold Sale
Listing ID:
855-21-08-301
Listing Type:
For Sale
Listing Categories:
Accommodation
Resort : Boutique Hotel : Retreat
Resort : Boutique Hotel : Retreat
Region:
South East Asia
Location:
Siem Reap,
Siem Reap,
Cambodia
Features |
| Established Business/Clientele Fully landscaped Retail Shopping Nearby Night-Time Entertainment Area nearby Ideal for Husband and Wife Owner/Manager Accommodation Staff Accommodation Kitchen and Restaurant Roof-top Terrace Bar Swimming Pool Operational Close to the Angkor Night Market and Pu Street Close to Artisans Angkor, Psar Chaa and Angkor Trade Center Water Well Options also exist for a partnership or rental only |
Listing Description |
| Set amidst a beautifully landscaped garden, this hotel with bungalows is within walking distance of the city center, night market and pub street.
The land is nearly 1,400m2 and consists of five main buildings and four small bungalows, with plenty of room to expand if needed. The main buildings are two levels, but one of the buildings has a roof-top terrace which is currently leased out as a bar. The restaurant on-site is also leased out. There are 11 rooms in total - 7 hotel rooms which are very spacious and appointed to Western standards including ensuite bathrooms. Currently, the main-building rooms are configured as doubles and are rented on a semi-permanent basis to local expats more like apartments rather than hotel rooms. In previous times, prior to the government shut-downs and low tourist activity, the rooms were rented as normal hotel rooms with some of the rooms being configured for families and one room as a dormitory. The four bungalows are small and are configured with single beds. One of the buildings on the property was used as the owners' residence, but is now used for staff accommodation and storage. This building could easily be converted back to owner or manager accommodation if needed. The current owner of the property manages the hotel, which has been operating since 2014. He is assisted by part time staff only who do the room servicing, cleaning and pool maintenance. Overheads are very low, meaning that even in this period of low tourist activity, the business is still making money (about USD 12,000 a year). It would not be unreasonable to assume, income and profit would be significantly increased when tourism returns and the hotel is functioning as intended. The property is being offered for freehold sale (Hard Title), but options also exist for a partnership or rental only transfer. The freehold sale offer includes the improved land (including a water well), all fixtures, fittings, equipment and furnishings as inspected. There is no company being offered with the listing and there are no licenses. Price includes stock on hand at the time of transfer and the owner will assist with transitioning. Financial records may be viewed at Inspection AND after completing a Non-Disclosure Agreement (NDA). |
Business Details
Listing Type:
For Sale
Asking Price:
USD 750,000
Negotiable:
The Price is negotiable
Stock / Inventory:
Stock at the time of settlement is included in the asking price
Property Details
Tenure:
Freehold
Land & Building Details
Building Type:
Five Buildings plus four small Bungalows
Furnishings:
Fully Equipped and Furnished
General Details
Available:
Now
Inspection / Meeting Times:
Monday to Friday 1000 to 1600 by Appointment
Inspections and/or meetings with owners are strictly by appointment only and should be booked at least two working days in advance. A non-disclosure agreement needs to be provided prior to confirming the inspection/meeting.
Inspections and/or meetings with owners are strictly by appointment only and should be booked at least two working days in advance. A non-disclosure agreement needs to be provided prior to confirming the inspection/meeting.
VISAs / Working Permits (Foreign Buyers):
Buying a business does not, in itself, entitle you to a VISA or work permit. In ALL countries, there are additional requirements and approvals needed. If you are uncertain about your entitlement to live and/or work in Cambodia, you should seek independent legal advice prior to pursuing purchase of this listing.
Accuracy of Data and Due Diligence:
While we regularly ask Sellers to review their listing to ensure the information is correct, information may change from time to time. Responsibility for validating information regarding this listing and conducting due diligence is the responsibility of prospective Buyers.
