Investment Property in Thailand
Wok Tum Residence - Thailand
Nestled in the foothills overlooking Hing Kong Bay, Wok Tum Residence is the first professional, contemporary villa resort on the tropical retreat of Koh Phangan island (just 25mins by boat from Koh Samui, Thailand).
Summary
Pricing: £123,000 - £138,000
Location: Koh Pangan Island, Thailand
Bedrooms: 2
Development Type: Villa
Listing Type: Sale
Click here to enquire about this property >
The development is within easy reach of the many west coast white sandy beaches with the nearest being just 800 metres away. The development is a short 5 min drive to the charming harbour side village of Thong Sala, which is home to many bohemian and sophisticated cafes and restaurants.
Set in 2 wondrous acres, on a sloping hillside, these 9 secluded villas all enjoy unspoilt bay and mountain views and truly spectacular sunsets, they have 145m2 of internal living area, 75m2 of external living area and sit on a 530m2 plot. Villas start at approx 123,000 GBP. Villas with the premier sea views are approx 130,000 GBP -- you cannot find villas for sale at these rates anywhere else in Samui, Krabi or Phuket. Koh Phangan's time for investment is now. Uplift on these prices will be swift in the coming years, similar properties on Samui have grown in value by 100% in the past 2 years.
The tenure of these villas is 90 year renewable leasehold with an option to convert to freehold (leasehold purchase costs are considerably lower than freehold so as property traders we try to keep buying costs to a minimum).
The rental income across all 9 units will be pooled and yields are expected to be in excess of 10% p.a. net of all charges and maintenance, in fact at 50% occupancy and a daily rate of 107.00 GBP the units will deliver an 11% rental yield -- not bad!
The development will enjoy its own real time on-line booking system and will be marketed internationally alongside the developers other regional projects.
Koh Phangan right now presents a serious early bird investment opportunity, with exceptionally strong growth opportunities.
Click here to enquire about this property >
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