- Area
- 245 m²
Description
Own People Restaurant on Kata Beach (Phuket)
Sell a restaurant on Phuket Island for $130,000. Restaurant "Svoy Lyudi" - a modern Russian cuisine with elements of Japanese menu. Located on the beach Kata. Stands on a very passable place, to the nearest two hotels less than 100 meters. There are constant events that give additional traffic. Often used during the day as a co-working space, and in the evening as a restobar.
Reason for sale: There are many of their own projects in Phuket, which are more interesting for development. Not enough time to run the restaurant.
Profitability (Income - Expenses - Taxes): ≈ $20,500
All details will tell when contacted. I hurry to sell, so the price is reduced. Ahead of the season (starts in September), until then the proposal is relevant.
'.Characteristics
- Property type
- Commercial
- Number of rooms
- 0
- Object type
- Restaurant
- Price
- 130 000 $
- Condition
- Furnished
- Floor
- 2
Services and facilities
- Furniture
- Security system
- Balcony or terrace
- Internet
Window view
- Sea View
Purchase method
- Cryptocurrency
- Cash
FAQ
How can I get a residence permit by buying property in Thailand?
In Thailand a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Kata; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.
Is a mortgage available for non-residents in Thailand?
Banks in Thailand finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.
What taxes and fees apply when buying in Thailand?
Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.
How is the title checked in Thailand?
A title search at the land registry of Thailand takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.
Can I rent out property after purchase in Thailand?
Yes. Rental income tax is 5–25% depending on the regime. In Kata short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.
Is a property inspection recommended before purchase?
Yes. An inspection costs about 0.5–1% of the price (130 000 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.
How long does the purchase process take in Thailand?
A typical transaction runs 30–90 days, averaging 45 in Kata: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).
