RIVERSIDE HOTEL WITH FANTASTIC RIVER VIEWS SOLD SOLD SOLD!

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.

Hotel Phsar Kandal I Phnom Penh