Phuket Airport Overnight Hotel was constructed in late 2011 and is located on about one third a rai of land, located only 300 metres from the passenger terminal of Phuket International Airport. This makes the business extremely popular with late-night and walk-in customers.
The land is leased for a period of 15 years, (this period can be extended),
The land lease is in the foreigner's name only - no Thai person is listed on the land lease.
There are currently 3 guest rooms, but planning permission was provided to build 6 additional guest rooms, which the land area can accommodate. Work has already begun on building 3 of these new rooms.
3 phase electricity is available to the hotel, as is a multi-channel cable TV system. There is a land-line telephone with wi-fi access throughout the site.
The monthly land rent is just 20000 baht, increasing by a contracted and small % over the 15 year term.
Monthly bills are typically 5000 baht for electricity,1000 baht for telephone/internet and 40000 baht per year for OrBorTor tax.
The asking price for the 50% share of this business is 600,000 baht.
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