The 5 villas are currently offered for sale as a single investment property, Freehold with Chanote Title.
This is a unique opportunity for any individual wishing to invest in property on the island.
Over the past couple years, the North East region of Phuket has witnessed considerable development, starting with the opening Ao Po Grand Marina, the island’s newest deep water full time access marina; Thanyapura, a state of the art sports & leisure center and Phuket International Academy School. A multitude of luxurious property developments have attached their names to this unspoiled area of the island , such as Cape Yamu, designed by world renowned Philippe Starck as well as the Sheraton Grand Bay.
Villa 1 – 5 Bedrooms – 800 sqm Living area – 4,000 sqm Land size
Villa 2 – 2 Bedrooms – 150 sqm Living area – 300 sqm Land size
Villa 3 – 3 Bedrooms – 200 sqm Living area – 500 sqm Land size
Villa 4 – 3 Bedrooms – 200 sqm Living area – 500 sqm Land size
Villa 5 – 3 Bedrooms – 200 sqm Living area – 500 sqm Land size
Thailand offers extremely attractive taxation policies to foreigners wishing to invest in property and engage in rental activities. It is now legally possible for foreigners to own property in Thailand under a freehold structure and various law offices on the island offer all the necessary advice & company formation services required at reasonable fees. It is therefore no surprise the kingdom is now recognized as one of the most attractive countries to invest in real estate across South East Asia.
The villas are now rented through well-known international property websites. Delta Villas also has placed marketing signage and brochures in a 5 Km radius and is sending direct emailing to over 150 property agents twice a month.
The company is registered as a Thai company. The land of the villas-compound is 4 rai or 6,400 sq.m. Each villa has a land chanote (title deed) from the Land Authority Department of Thailand. The whole compound is for sale together and is not divisible.
The price is : 3,500,000 Euro
Based on our current long term rental activities and prices in the area, we estimate any investor wishing to pursue in rental income will achieve a minimum of 8% – 12% net yield. This number may significantly increase should one wish to engage in short term rental activities in addition to rocketing property prices over the past decade.
Updated on April 19, 2019 at 3:01 pm