Phang-nga, Kapong

Land size: 780 Rai

Price: 2,340,000

Title: 780 Rai of Phang Nga Development Land @ 2.34 m THB per Rai

Code: BLS1546

The property consists of:

• Sea View
• Near Beach

Description: The perfect buyer for this large plot of land would be a large developer, builder of hotel or a existing hotel chain wanting to expand. It is a plot of 780 rai or 1.248.000 sq m offered at 2,340,000 THB per rai. The location is near Khao Lak with over 1.000 meters of golden sand beachfront. It is just perfect for a large hotel chain or a development of beachfront villas and condos to the rear that can be built around 4 lakes/large ponds on site. There is a total of 880 rai, but the 14 owners wish to keep 100 rai of non beachfront land for them selves. Beachfront land as we know is becoming rare in Phuket, with some deals going through at over 20 million baht per rai. Even land at Natai beach, off the Island has recently attracted 18 million baht per rai and just down the road at Khao Lak, 10 million baht per rai for real beachfront land and all of that are normal prices. So this land just North of Khao Lak (1 hour from the airport) at 2,340,000 Thai Baht per rai is excellent value and over 1.000 metres beachfront as well! Here are 2 suggested business plan with two options. If the land size is too big or too expensive for a potential investor, another option is to buy 210 rai including the beachfront land at 4 million baht per rai. BUSINESS PLAN. OPTION A. With 1,060 meters of beachfront land and a total area of 1,248,000 sq.m, a substantial hotel of 6-10+ storey could be built 50 meters back from the beach (regulations), thus allowing beachfront restaurant(s) and swimming pool(s), jacuzzis, tennis courts, etc., to be constructed in front. Le Meridien have already built a large hotel in this area and Novotel have purchased land and will commence construction of a beachfront hotel soon. OPTION B. This needs a little more detail than Option A! With 1,060 metres of beachfront land, it would be possible to build 25 beachfront villas,with 40 metres beachfront each and 40 metres in depth, thus 1 rai (1,600 sq. metres), and leave 60 metres beachfront for a restaurant and access to the beach for the condos and villas at the rear. Villas in this area (near the beach, not beachfront and only 800 sq.metre plots and 300 sq. metre internal) are being marketed for 32-33 million baht, so beachfront villas (with 1,600 sq.metre plots and say 6-800 sq.metre internal) should attract at least 60-70 million baht, probably more. Having used only 26.5 rai for the above and recouped 1,500 million baht (25 x 60 million baht) in sales, of the 2,000 million baht outlay, you have 753.5 rai left to construct condos and some non beachfront villas, by the 4 lakes around the rear land area. Even a low density development of 200 non beachfront villas at 1 rai each, leaves 553.5 rai to build say 40 condominium blocks (on 10 rai each to allow for car parking and swimming pool) of 10 condos (2 duplex penthouses and 8 condos), leaving 153.5 rai for a reception, substantial open communal area, and tennis courts, jogging track/bike riding, roads, etc. If the non beachfront villas attract a third of the beachfront villas, say 20 million baht per sale, this returns a further 4,000 million baht. If the duplex penthouses (240 sq. meters) attract 12 million baht per sale (4th and 5th floor) and the condos (120 sq. meters), an average 7.5 million baht,(6,7,8,9 each floor from ground to 3rd) each block returns sales of 84 million baht, a further 3,360 million baht. Thus, the grand total of sales would be 8,860 million baht, which after the land cost of say, 2,000 million baht, leaves 6,860 million baht for construction, advertising, commission and yes HUGE PROFITS!! Please contact Phuket Villas Porperty for more details.

Address: Phang Nga