If you are enticed to bid on these Bana beach property ......think twice or thrice.......I was to buy for 55k I was then made aware of approx 30k due to bank plus 42k due to management company up to 2012 and no amount stated from 2012 to present. Therefore the bones of maybe 100k was due extra to the purchase price....lucky for me I got out of it as there were no minutes of the meeting. If you do buy and give the house to the management company you don't need to pay the 42k and would receive 2k per year but you are responsible for the upkeep of the house.
Remember if the hotel is sold the new owner may demand all monies from the owners..
Just so your aware of this auctions costs cos I was disappointed and shocked.More
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