For sale: Hotel For Lease

Hotel For Sale Eleyele Parakin Osun Osun area selling for ₦8,000,000. See property details on PrivateProperty.com.ng or browse all our range of properties in Osun Osun area Osun

Hotel for lease a hotel in the affluent area of eleyele, parakin, ile-ife (town) osun-state. (about 218 kilometres northeast of lagos ) with a population of up to a million people is hereby available for lease. The hotel has average monthly expenditure- 300,000 naira per month. With the average revenue/sales being 1,100,000 million naira per month. The hotel by name oasis hotel and suites has been in operation for a period of up to 20 years in the same town of ile-ife, osun-state, its facilities include:- bar and lounge/restaurant 1. Bar ( the hotel has a bar on its premises which serves drinks, beverages and other common nigerian dishes to its customers and guests ) 2. Lounge (the hotel has a lounge on its premises with two flat screen televisions for the entertainment pleasure of its guests and customers. Lodging facilities 1. There exists on the hotel premises 14 ensuite rooms on the hotel premises ( 4 single rooms, 8 double rooms and 2 extra double rooms) 2. There exists on the hotel premises a suite which comprises of i. 2 bedrooms, ii. A living room, iii. Kitchen iv. A separate bathroom and toilet. 3. There also exists on the hotel premises a disused manager office at the exterior end of the hotel. Financial summary 1. Current monthly expenditure- 300,000 naira per month -( fuel-100,000 naira, staff salary-100,000 naira, miscellaneous expenses- 100,000 naira.) 2. Average current revenue/sales-1,100,000 million naira per month - lodging/reception- 650,000, lounge/bar- 450,000 the price as to which the hotel is for lease is as follows: a period of up to 1 (one year) 8 million naira per annum a period of up to 2 (two years) 16 million naira per annum