Business for sale in Koh Phangan, Thailand
Hill Side Sea View Apartment Rental Business For Sale
This hill side apartment rental project is located on a stunning 9,4 Rai hill, offering panoramic sea views of the Gulf of Thailand, the Marine Park (national park) and Koh Samui.
It currently operates 46 luxury apartments in 4 apartment buildings, of which 20 are owned by private owners/investors and 26 are still in the possession of the developer.
Starting development in 2006 the resort is now open for guests since mid 2009.
There is still plenty of space on the resort grounds for further development and expansion; Ready to execute plans are available for a bigger swimming pool, very luxury villa???s, a pool-side restaurant and a superb Spa.
This is the ideal opportunity to step into an already established resort on a fast emerging island while still having the chance to highly customize and change it to your own preferences and ideas.
Most of the hard work of establishing a luxury resort on the (at that time still quite undeveloped) island of Koh Phangan has been done already.
All infrastructure is in place, as is the concrete entrance road, water supply (mountain water from a deep well and government water) and a 3 phase electricity system.
Koh Phangan, and especially its amazing west coast, has developed very fast in the past 5 years (infrastructure, facilities, hospitals, F&B, accommodations etc.) to a level that it now attracts more sophisticated and wealthy visitors.
Therefore high capital gains on luxury property and increasing (and more affluent) tourism is expected for the future.
This resort gives you the opportunity to reap the benefits from this rapidly developing island since it is already build and setup for this upcoming market while a large part of the competition still offers (wooden) bungalows.
Outright freehold ownership price included the resort plot of land (4.33 rai) is 55,000,000 THB. (This is of course only for the resort, not for the privately owned condos already sold!)
Outright freehold ownership price included the resort plot of land (4.33 rai) + 4 undeveloped Chanote land plot (7.4 rai) is 65,000,000 THB. (This is of course only for the resort, not for the privately owned condos already sold!)
Property type : Business
Offered for sale at 55000000 THB
Located in Koh Phangan
Size external 6928 sq.m
Property reference : 4681
Property marketed by TEN Thai Estate Network
Advertisers reference : TENKPGB01