Property Hotel/Service Apartment For Rent at Ngo Quyen st Da Lat

For Rent: Hotel/Serviced Apartment Building on Ngo Quyen Street, Da Lat

Building Details:

• Rental price: 150,000,000 VND/month (approximately 6,000 USD/month).
• Rooms : 26 units ( with Penthouse)
• Deposite : 4 months

Contact us immediately to view the property and receive direct consultation from our professional team via hotline 09.3883.9977 or visit website 456.com.vn. The opportunity to own a business building right in the heart of Da Lat awaits discerning investors.

Da Lat has long established itself as a leading tourism and resort capital in Vietnam. Among its key areas, Ngo Quyen Street stands out as a prime location for investors looking to tap into the professional accommodation sector. This article will provide a detailed analysis of the serviced apartment building here, offering you the most comprehensive overview before making an investment decision.

1. Overview of Ngo Quyen Street's Location Advantages

Ngo Quyen is considered a key route, directly connecting to central administrative areas and famous check-in spots in Da Lat. Owning a building here offers significant competitive advantages:

1. Convenient transportation links: From this location, guests can reach Xuan Huong Lake, Da Lat Market, or Lam Vien Square in just a few minutes.
2. Synchronized external amenities: The surrounding area features numerous stylish restaurants, cafes, and tourist service points, creating a perfect ecosystem for tourists to experience.
3. Strong brand recognition: A wide street frontage helps increase natural customer reach, reducing advertising costs compared to locations in deep alleys.

2. Detailed Structure and Exploitation Potential of the Building

The building is designed as a combination of serviced apartments and short-term accommodation, with a total of 26 rooms. The diverse room structure allows the investor to optimize occupancy rates:

1. Ground floor: Includes 4 rooms, comprising 1 double room and 3 single rooms, suitable for a reception lobby or accommodation for individual guests.
2. Second and Third floors: Each floor is designed with 9 rooms, including 1 double room and 8 single rooms, catering to the needs of families or medium-sized group tours.
3. Fourth floor: A luxurious Penthouse area with 4 single rooms, suitable for high-end guests who demand privacy and expansive views.

With a completed fire protection system and existing business license, the new investor can take over and operate immediately, minimizing initial preparation time and costs.

3. Business Performance Comparison with Other Accommodation Segments

When compared to re-leasing traditional hotels or small-scale homestays in suburban areas, the serviced apartment model on Ngo Quyen Street demonstrates superior advantages in actual figures:

1. Occupancy rate: Serviced apartment buildings on Da Lat's central main roads typically maintain an occupancy rate of over 75% on weekdays and reach 95% on weekends, approximately 20% higher than areas further from the city center.
2. Average rental cost: With an investment of 150,000,000 VND/month (approximately 6,000 USD/month) for 26 rooms, the average cost per room is only about 5,700,000 VND/month (approximately 228 USD/month). This is an extremely competitive figure when compared to the price for renting individual rooms in the current Da Lat market (ranging from 800,000 VND to 1,500,000 VND/night for a standard room, approximately 32-60 USD/night).
3. Profit margin: Thanks to the combination of short-term (tourism) and long-term (monthly rental) segments, investors can diversify their cash flow, mitigating risks when the tourism market experiences seasonal fluctuations.

4. Legality and Transparency in Transactions

At 456 Vietnam, we prioritize transparency in all real estate transactions. For this building, all legal documents related to land use rights, construction permits, and especially the fire safety certificate, are strictly controlled. This ensures absolute peace of mind for clients when signing a long-term rental contract.

5. Notes for New Investors

To operate the building most effectively, investors should focus on management strategies:

1. Digitalize processes: Utilize hotel management software to optimize room bookings and personnel control.
2. Enhance experience: Even with an existing building, investing in modern decor and furnishings will significantly increase room rates.
3. Marketing strategy: Focus on OTA platforms and social media to attract target customers, specifically families and international guests.

In-depth FAQ about Renting a Building in Da Lat

Question 1: Why is the rental price of 150,000,000 VND/month considered reasonable for this building?
Answer: This price accurately reflects the value of the central Ngo Quyen Street location. With 26 rooms, potential total revenue during peak season could reach 400,000,000 - 500,000,000 VND/month (approximately 16,000 - 20,000 USD/month). Dividing the rental cost by the total number of rooms shows this is an optimal price for tenants to reach their break-even point quickly and start making a profit after a short period of operation.

Question 2: What legal procedures should be noted when renting a business building in Da Lat?
Answer: When renting an accommodation business building, you need to thoroughly check the hotel business license, the valid fire safety approval certificate, and especially the agreement regarding the transfer or return of the premises after the contract expires. At 456 Vietnam, we assist in reviewing all these documents to ensure client rights.

Question 3: What is the difference between serviced apartments and traditional hotels in Da Lat?
Answer: Traditional hotels primarily focus on short-term guests with daily housekeeping services. Serviced apartments cater to both short-term and long-term guests (workation), featuring fully equipped kitchens and providing a home-like feel. The model on Ngo Quyen flexibly incorporates both elements, helping to optimize revenue even during off-peak seasons.

Question 4: Should a large deposit, such as 4 months' rent, be made?
Answer: A 4-month deposit is a standard practice in Da Lat's commercial real estate market to ensure a long-term commitment between the landlord and tenant. This amount also helps stabilize the rental price throughout the long period, preventing market fluctuations.

Question 5: What support does 456 Vietnam provide to clients after renting a property?
Answer: We go beyond just connecting transactions. The 456 Vietnam team provides consultation on marketing solutions, connects with partners offering building management services, and is always ready to offer legal support if any issues arise throughout the rental period.

Let us accompany you on your real estate business journey in Da Lat. If you are looking for a potential property with sustainable exploitation value, do not hesitate to contact us for consultation and to view the property in person today. For all your needs regarding consigning, buying, or renting real estate, let 456 Vietnam help you connect quickly and efficiently.

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