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12 179 509 €
12 179 509 €
| 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 district, south Phuket, just 100 meters from Rawai beach.** The plot consists of 35 land titles *chanote* and has a permit for the construction of villas, condominiums and hotels up to 16 meters high.
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 an actively developing area.
**Price: 8,800,000 USD** *(290 million baht)* – a significant discount compared to the market value.
**Additional benefits:**
The plot is equipped with all the infrastructure: 4 large villas, a sales office, paths, sidewalks, fences, underground electrical wiring, drainage and year–round water supply - the cost is about 70 million baht, included in the sale price.
**Development opportunities:**
This plot is suitable for a 4-year development program with a combination of condominiums on 5 levels and villas on 1-3 levels – all on relatively flat terrain for convenient construction.
**Profitability:**
The estimated cost after the development of this site (with a mixed development of condominiums/villas) is estimated at 50 million baht/rai, which is 1.015 million baht for 20.3 rai – The target profit for 4 years is 725 million baht (US$22 million) (the price of the developed land is 1.015 million baht minus the cost of 290 million baht).
**Description of the site:**
The 32,500 sq.m area is part of a larger 50,000 sq.m site. The remaining 17,500 square meters will also be built up with mixed high-end condominiums and villas priced from 300,000 to 3,000,000 USD.
**Building permits:**
The total area of 50,000 square meters has the approval of the EIR (Environmental Impact Assessment), issued more than 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.
