Utopia - Ochheuteal Bar, Hostel, Club & 20 Shops For Sale

Yes... we are absolutely interested in your $50,000 bar for sale with 3 stools and no customers.
Utopia
Tourist
Posts: 1
Joined: Wed Dec 30, 2015 5:21 pm
Reputation: 0

Utopia - Ochheuteal Bar, Hostel, Club & 20 Shops For Sale

Post by Utopia » Wed Dec 30, 2015 5:39 pm

Unique Opportunity - Utopia Bar, Guesthouse, Nightclub and 20 Shops For Sale

* PRICE $520,000USD
* CUSTOMER DORM (130 BEDS), 2 STAFF DORMS (20 BEDS)
* 11 CUSTOMER DORM ROOMS, 3 AC (44 BEDS), 8 FAN ROOMS (86 BEDS)
* 3 PRIVATE ROOMS.
* BAR / NIGHTCLUB 600PAX CAPACITY WITH A BEAUTIFUL GARDEN SETTING
* SWIMMING POOL / SPA POOL PLUS POOL EQUIPMENT / GENERATOR
* 20 SHOPS TO RENT RETURNING A POTENTIAL $7000 / MONTH
* 6 YEAR CONTRACT REMAINING CAN EXTEND 5 YEAR MORE @ $5000 /MONTH
* CURRENT RENT $2000, INCREASING TO $2400 IN 2016 AND $3000 IN 2018
* INCLUDING $72,000 DEPOSIT ALREADY PAID
* 3 FOOD SHOPS CONNECTED WITH UTOPIA BUSINESS RETURNING $3000 / MONTH OR MORE IN HIGH SEASON
* LAND SIZE: 48 x 48m INCLUDING SHOPS. 70 X 60 TO THE ROAD EDGE

Contact James on 086 433 669 or [email protected]
User avatar
General Mackevili
The General
Posts: 16497
Joined: Tue May 06, 2014 5:24 pm
Reputation: 1546
Location: The Kingdom
Contact:
United States of America

Re: Utopia - Ochheuteal Bar, Hostel, Club & 20 Shops For Sale

Post by General Mackevili » Wed Dec 30, 2015 11:08 pm

Out of curiosity, what does a big place that have to pay in "tea money" every month?
"Life is too important to take seriously."

"Life does not cease to be funny when people die any more than it ceases to be serious when people laugh."

Have a story or an anonymous news tip for CEO? Need advertising? CONTACT ME

Cambodia Expats Online is the most popular community in the country. JOIN TODAY

Follow CEO on social media:

Facebook
Twitter
YouTube
Google+
Instagram
Raybull
Expatriate
Posts: 1199
Joined: Sat Jun 06, 2015 11:54 am
Reputation: 10

Re: Utopia - Ochheuteal Bar, Hostel, Club & 20 Shops For Sale

Post by Raybull » Thu Dec 31, 2015 7:51 pm

General Mackevili wrote:Out of curiosity, what does a big place that have to pay in "tea money" every month?
That would depend upon how many druggie backpackers turn up dead in the pool!
Anyways this place is a shithole, the only thing keeping the business alive are the numerous rental shops. Once you factor in the near yearly rent increases, it's easy to figure out the potential profit over the near term taking into account an estimated loss of rent revenue in the low season, and that figure is much closer to the deposit than the asking price. No guarantee of an extended lease ar 5000$++ later on too! Anybody with half a mil to invest wouldn't even consider this dump with such a crappy lease. With any such big investment you'd want a minimum 20+ year lease with fixed rent price. Only an idiot would touch this given the current state of affairs there.
User avatar
Jamie_Lambo
The Cool Boxing Guy
Posts: 13740
Joined: Mon Apr 20, 2015 10:34 am
Reputation: 1934
Location: Naklua
Contact:
Great Britain

Re: Utopia - Ochheuteal Bar, Hostel, Club & 20 Shops For Sale

Post by Jamie_Lambo » Thu Dec 31, 2015 9:52 pm

Raybull wrote:
General Mackevili wrote:Out of curiosity, what does a big place that have to pay in "tea money" every month?
That would depend upon how many druggie backpackers turn up dead in the pool!
Anyways this place is a shithole, the only thing keeping the business alive are the numerous rental shops. Once you factor in the near yearly rent increases, it's easy to figure out the potential profit over the near term taking into account an estimated loss of rent revenue in the low season, and that figure is much closer to the deposit than the asking price. No guarantee of an extended lease ar 5000$++ later on too! Anybody with half a mil to invest wouldn't even consider this dump with such a crappy lease. With any such big investment you'd want a minimum 20+ year lease with fixed rent price. Only an idiot would touch this given the current state of affairs there.
Agreed its a hell of a lot of money to invest in a business that is rated only #153 out of #195 Guesthouses in Sihanoukville with 78 out of 132 reviews saying their experience was Poor/Terrible.... http://www.tripadvisor.co.uk/Hotel_Revi ... vince.html

the set up has a lot of potential though, but needs some work for sure...
:tophat: Mean Dtuk Mean Trei, Mean Loy Mean Srey
Punchy McShortstacks School of Hard Knocks :x
Raybull
Expatriate
Posts: 1199
Joined: Sat Jun 06, 2015 11:54 am
Reputation: 10

Re: Utopia - Ochheuteal Bar, Hostel, Club & 20 Shops For Sale

Post by Raybull » Thu Dec 31, 2015 10:05 pm

Jamie_Lambo wrote:Agreed its a hell of a lot of money to invest in a business that is rated only #153 out of #195 Guesthouses in Sihanoukville with 78 out of 132 reviews saying their experience was Poor/Terrible.... http://www.tripadvisor.co.uk/Hotel_Revi ... vince.html

the set up has a lot of potential though, but needs some work for sure...
It needs so much work you'd be better off tearing it down...It's a reflection of the state of the owners I guess you could say. Plus it's gonna lose alot of frontage in the near future. They should have sold when they renewed the lease a few years back. If you want to see properly run businesses just look across the street at Big Easy and Monkey.
User avatar
Jamie_Lambo
The Cool Boxing Guy
Posts: 13740
Joined: Mon Apr 20, 2015 10:34 am
Reputation: 1934
Location: Naklua
Contact:
Great Britain

Re: Utopia - Ochheuteal Bar, Hostel, Club & 20 Shops For Sale

Post by Jamie_Lambo » Thu Dec 31, 2015 10:17 pm

Raybull wrote:
Jamie_Lambo wrote:Agreed its a hell of a lot of money to invest in a business that is rated only #153 out of #195 Guesthouses in Sihanoukville with 78 out of 132 reviews saying their experience was Poor/Terrible.... http://www.tripadvisor.co.uk/Hotel_Revi ... vince.html

the set up has a lot of potential though, but needs some work for sure...
It needs so much work you'd be better off tearing it down...It's a reflection of the state of the owners I guess you could say. Plus it's gonna lose alot of frontage in the near future.
the pool is a big pulling power for the guesthouse and i whenever i speak to people about their stay there they nearly always say that they booked there because it had a pool, but most people always regret it due to set up of the dorms, where people have to walk through other peoples dorms to get to their dorms (apparently ive never stayed here) so people often find other durnk people in their beds or worry about their belongings, the beds have been plagued with bedbugs for at least the past 3 years to my knowledge, the bar area seems to be getting more and more run down, used to pop in there 3 years ago as i used to meet some friends there (one who worked there) but barely been since, actually popped there once in january to meet some friends who were in town, but left after 1 drink as the beer tasted awful and watered down :(
:tophat: Mean Dtuk Mean Trei, Mean Loy Mean Srey
Punchy McShortstacks School of Hard Knocks :x
User avatar
Username Taken
Raven
Posts: 10370
Joined: Mon May 19, 2014 6:53 pm
Reputation: 1821
Contact:
Cambodia

Re: Utopia - Ochheuteal Bar, Hostel, Club & 20 Shops For Sale

Post by Username Taken » Thu Dec 31, 2015 10:57 pm

When I was in Snooky last week, a guy came along the beach handing out flyers for some event at Utopia. He seemed to indicate that he would be happier with the backpackers 'out' and the tourists 'in'.
... give 'em a quick, short, sharp shock ...

https://BooksAboutCambodia.com
User avatar
juansweetpotato
Expatriate
Posts: 2637
Joined: Sun Jul 27, 2014 8:45 pm
Reputation: 75

Re: Utopia - Ochheuteal Bar, Hostel, Club & 20 Shops For Sale

Post by juansweetpotato » Fri Jan 01, 2016 6:33 pm

Well it's not cheap, that's for sure. But look at the location. An amazing corner property right in the heart of tourist town. It's a prime site for someone to develop with a lot more to invest that i/2 a mil. I am constantly surprised at how much money is being dropped around SNV by foreigners wishing to invest. I'm definitely no expert but it does seem crazy money in the current climate. A lot of old timers have told me that SNV is a lot more lawless that PP. Some really big developments down there now that have sprung up over the last few years.

Surprisingly, there does still seem to be a backpacker market down there, but last season seemed to be a lot quieter around Beach Road that the previous 2 or 3 years. Most young people seem to go straight to Otres (there was supposed to be a bus directly to Otres starting up), then the Islands, then back to Otres, then out, nowadays. I guess they may be room for Beach Road backpackers though, but I can maybe see that whole zone going up market to fit in with all the big hotels springing up near there.
Last edited by juansweetpotato on Fri Jan 01, 2016 6:43 pm, edited 1 time in total.
"Can you spare some cutter for an old man?"
SinnSisamouth
Expatriate
Posts: 2068
Joined: Thu Oct 02, 2014 1:23 am
Reputation: 8
Ireland

Re: Utopia - Ochheuteal Bar, Hostel, Club & 20 Shops For Sale

Post by SinnSisamouth » Fri Jan 01, 2016 6:42 pm

Username Taken wrote:When I was in Snooky last week, a guy came along the beach handing out flyers for some event at Utopia. He seemed to indicate that he would be happier with the backpackers 'out' and the tourists 'in'.
Tourists as in Asian?
I don't think any place in that area could survive just on tourists, assuming they'd want to go there in the first place.

Expats won't go there. Tourists (Asian, families) and they don't want backpackers. Who's left!
i am on these blocked lists;
pucketrichard
hotdgr
sailorman
rozzieoz
stroppychops

:fuckyou:
User avatar
Username Taken
Raven
Posts: 10370
Joined: Mon May 19, 2014 6:53 pm
Reputation: 1821
Contact:
Cambodia

Re: Utopia - Ochheuteal Bar, Hostel, Club & 20 Shops For Sale

Post by Username Taken » Fri Jan 01, 2016 7:56 pm

SinnSisamouth wrote:
Username Taken wrote:When I was in Snooky last week, a guy came along the beach handing out flyers for some event at Utopia. He seemed to indicate that he would be happier with the backpackers 'out' and the tourists 'in'.
Tourists as in Asian?
I don't think any place in that area could survive just on tourists, assuming they'd want to go there in the first place.

Expats won't go there. Tourists (Asian, families) and they don't want backpackers. Who's left!
No, I mean tourists as in visitors from other countries that go on vacation abroad.
Backpackers are travellers.
Tourists are people who go on holiday then return home and back to work. These people may be a couple from the UK, or an expat family from Phnom Penh or Bangkok, or, so many more possibilities.

What I think he meant was that he wanted a better class of clientelle.

:beer3:
... give 'em a quick, short, sharp shock ...

https://BooksAboutCambodia.com
Post Reply Previous topicNext topic
  • Similar Topics
    Replies
    Views
    Last post

Who is online

Users browsing this forum: No registered users and 8 guests