13 Beachfront Bungalows - Resort For Sale, Koh Yao Noi

• The land title is a Nor Sor 3 (approx 3 and half rai).
• 12 bungalows (3 family and 8 double), half of these bungalows are new or completely renovated with Air Con.
• 1 restaurant
• 1 bar
• 1 souvenir shop with a bedroom on top for a manager or staff.
• On an average year, the resort generates 6%+ ROI

History / Background

First bungalow operation on the island and a lot of returning guests. The Nor Sor 3 land title means the boundaries of the land are not completely fixed. At present the local government built a sala on the land above the bungalow resort as they were afraid the owners would encroach but a deal could possibly be done to give the resort an extra few meters which may allow more space for bungalows. The current owners have had the resort since day one of operation and have built it up from scratch.

Location

The location is one of the best in Koh Yao Noi, on a little hill by the sea, being on a cape, does not have a road between the bungalows and the sea. Within walking distance are two luxury resorts and several high-end rental villas and 3-4 other bungalow operations. The bungalow resort’s picturesque restaurant with sala are viewable from the road and an attraction that draws in lots of outside guests. Two of the “liveliest” bars (lively for Koh Yao) are also less than 100 meters walk.

Guest Profile / Demographics

Up until a few years ago in some months in low season there were literally no tourists (May - June / Sept - mid Oct) and so the low season was really low, now there are tourists in the low season and a big noticeable jump in the last two years.

Traditional tourists to Koh Yao Noi were backpackers and adventure tourists (rock climbers, Muay Thai etc), the last couple of years has been the demographic shift towards older ‘more mainstream’ tourists. More resorts mid and upper range resorts have developed in last few years and change in demographics is due to both demand and supply factors.