Phuket properties 4 You

	Tavern on the Hill





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• BAR/RESTAURANT: @ 110 sq/m with 40 covers + kitchen @ 12 sq/m
• TWO BEDROOM APARTMENT:
   o 2 ensuite Bedrooms @ 20 sq/m each
   o Living room @ 36 sq/m
   o Office @ 20 sq/m
   o Terrace @ 18 sq/m
   o Balcony
• THREE FURTHER EN-SUITE BEDROOMS @ 20 sq/m each
• ROOF TERRACE @ 138 sq/m
• TWO FURTHER WC/SHOWER ROOMS
• STOREROOMS

13.5 Million THB

For Sale

UNIQUE OPPORTUNITY TO BUY THIS POPULAR BAR & RESTAURANT INCLUDING: OWNERS 2 BEDROOM APARTMENT; 3 FURTHER EN-SUITE BEDROOMS; ROOF TERRACE. TOTAL FLOOR SPACE IS 482 sq/m.

THE PROPERTY IS SITUATED ON SOUGHT AFTER HASIP PEE ROAD WITH VIEWS OF PATONG BAY AT THE FRONT AND JUNGLE AT THE BACK.

LOCATION

Hasip Pee Road is about 9 years old and it has developed during that period to provide an interesting mix of villas, bungalows, condominiums, guest houses and hotels. The residents of these properties provide part of the customer base for The Tavern on the Hill, which is one of only two independent restaurants on the road at present.
Development on the road continues. This will increase the potential customer base over the coming few years. In addition it is planned to connect the road through to Chalong by upgrading the current jungle track. This will provide quicker and more convenient access for residents of the south east of the island to the restaurant.

ALTERNATE USES

The current use is as a bar/restaurant with owners apartment and further guest rooms. This can of course be continued and an energetic and imaginative new owner has plenty of scope to remarket the restaurant and increase revenue and profit. However, another possibility would be to convert each floor to a separate apartment, plus building a new one on the roof. Then the owner could live in one and sell or rent the others.
Or the whole building could be converted into one 5+ bedroom residence.
Or a number of combinations of the above could be considered.

TITLE

The property is currently held on a Nor Sor 3 Ghaw title. This can be fairly easily upgraded to a Chanote if required.The current owners have a lease, originally 30 years with a 30 year extension option.
The Freehold could be available to a Thai national or those purchasing through a registered company.

PRICE

The property is on offer @ 13.5 Million THB. Furniture and equipment available by negotiation.

FOR MORE INFORMATION: Please contact Mr. Heiko Schmidt on 081 691 6147 or email – info@baansuanvilla.de

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