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13 353 024 €
13 353 024 €
| Credit conditions | |
|---|---|
| Possible payment by installments |
favorable offer: 40-50% annual income fo
**Lot size 32,500 sqm**
*(US$8.8 million / 290 million baht)*
**14.0 million baht/rai*
**Investment: Purchase of 32,500 sq.m of land with sea views in Rawai area, southern Phuket, just 100 meters from the beach "Rawai".** The site consists of 35 land titles *chanote* and has permission to build villas, condominiums and hotels up to 16 meters in height.
The site is located next to Rawai Palm Beach Resort and just 200 meters from the successful Title project with over 300 condominiums. Rawai is a rapidly developing area.
**Price: USD 8,800,000** *(290 million baht)* - significant discount compared to market value.
**Additional advantages:**
The site is equipped with all infrastructure: 4 large villas, sales office, paths, sidewalks, fences, underground electrical wiring, drainage and year-round water supply - cost approx. 70 million baht included in the sale price.
**Development Opportunities:**
This site is suitable for a 4-year development program with a mix of condominiums on 5 levels and villas on levels 1-3 - all on relatively flat terrain for easy development.
**Profitability:**
The estimated value after development of this site (with a mixed condominium/villa development) is estimated at 50 million baht/rai, which is 1.015 million baht for 20.3 rai - Target profit in 4 years - 725 million baht (22 million US dollars) (developed land price 1.015 million baht less cost 290 million baht).
**Plot Description:**
The 32,500 sq.m area is part of a larger plot of 50,000 sq.m. The remaining 17,500 sqm will also be developed with mixed upscale condominiums and villas priced from US$300,000 to 3,000,000.
**Building Permits:**
The total area of 50,000 sqm has EIA (Environmental Impact Assessment) approval issued over 10 years ago for the villas. Before finalizing the purchase, the buyer will be able to verify that the existing EIR will be revoked and two new EIR approvals can be requested for the 32,500 sqm and 17,500 sqm plots.
Buyer will be able to verify that the existing EIR will be revoked and two new EIR approvals can be requested for the 32,500 sqm and 17,500 sqm plots.
