Phangan Land Direct

 
 

 

Property Ref. - P0114B    

SOLD

Total Rai Available - 7.75 Rai

Cost of Property & Land - 85,000,000 Baht

Can Sub Divide? - No

Title Deed - Chanote

The property is a fully established bungalow business on the north shore
of Koh Phangan in Chalok Lam Bay. Positioned with its own private
beach, swimming pool, restaurant and twenty five bungalows that have
either recently been built or renovated. The business offers an excellent
investment – whether for purchase or for rent.

Included within the seven and three quarter Rai property are also staff
accommodation and landscaped grounds with plenty of room for
expansion.

The river that runs past the resort offers mooring for a boat and creates
privacy for the guests.

In the background the stunning Chalok Lam Bay mountains frame the
property and add drama and effect.

Rental Possibilities
• 10 year contract with five years free (a total of fifteen years).
• Option to renew for a further 15 years.
• Non refundable deposit of 13,905,000 Baht (13 Million nine
hundred and five thousand Baht).
• 10 yearly payments of 3,244,500 Baht (3 Million two hundred and
forty four thousand Baht.
• Refundable 3 Million Baht deposit at the end of ten years to cover
the next five years.
• Renter can build more bungalows and buildings – must have an
agreement with the owner (the owner is a builder and can also
provide architect etc)
• The land area is 7.75 Rai and there are 25 existing Bungalows and
1 large restaurant with large kitchen plus various motor bike parks
etc.

Over fifteen years each bungalow must average 10,300 Baht
income per month to break even. At today’s price that is 4 or 5
nights rental each month. At the prices in five or ten years this will
be 2 or 3 nights rental per bungalow.


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Plan

Distances - (Approximate)
    To the sea - 0 Metres
    To the nearest village - 1 Kilometre
    To Thong Sala - 12 Kilometres

Located Near Route - B
Situated - Coastal
Aspect - North
View - Ocean view
Geography - Flat / Gently Sloping
Terrain - Grass or Soil / Trees
Utilities and Access
     Electricity - Yes
     Water - Yes
     Telephone & Internet - Yes
     Public Sewage - Yes
     Access to road - Public Road
Neighbours -
     North - Sea
     East - Fields / Empty
     South - Shop
     West - Bungalows

Rental Possibilities - YES
     Cost of Rent per Year - 3,244,000 Baht (please see above for exact details)
     Deposit Needed - 13,905,0000 Baht (non refundable)
     Able to Build - YES

 

 

   
 

 

 

 
     

 

 
 

 

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Koh Phangan - House for Sale P0114B