Businesses For Sale Housing Developments

Investment Opportunity. Beachfront Apartment Project For Sale.

Beachfront Apartment Project For Sale on Koh Chang. This project on 3 Rai of Chanote titled land was begun by a German developer.  He is now no longer able to travel to Thailand and so the project is for sale.  The 13 unit luxury apartment block is 60% complete and the project is for sale with all plans and building permission for the new owner. Original combined selling price for all units is over 115,000,000 Baht.  The entire project is now for sale for 30,000,000 Baht for an investor to take over.

This boutique 13 apartment development is situated on a private beach and construction began in late 2009.   The German developer had over 25 years   construction experience, ten of   those in Thailand and planned to build 13 spacious apartments for sale in this development which sits on just over 3 Rai (4,800sqm) of beachfront land. However, he is now unable to return to Thailand to complete the development and so would like to sell the entire project.

The development is planned as a small exclusive complex with three and a half floors and only 13 residential units.   It is being constructed just 35 meters away from a private beach on the peaceful east coast of Koh Chang, which is proving to be a popular location for buyers in search of a holiday home on the island.

The apartments would all sold fully fitted and finished and all feature large   terrace or balcony areas for outdoor living. They are built on three and a half floors, with the top floor reserved for two Penthouse Units. Apartments range in size from a 50sqm, one bedroom unit to a 345sqm three bedroom family unit.

On-site facilities envisaged included landscaped gardens, parking, laundry area, storage facilities, a restaurant and communal swimming pool.

Land & Floorplans:

On-Site Photos:

Proposed Apartment Sizes & Prices:

The developer envisaged apartment prices ranging from 3.2 Million Baht for the smallest 50sqm unit up to 22 Million baht for the   huge 345sqm penthouse.   Total selling prices for the apartments in the development are in the region of 115 Million Baht.   (These prices were comparable with similar standard developments at Tranquility Bay Residence and Siam Royal View.)

Allowing for the current economic climate and the costs involved in completing the project this would still be a sound   opportunity for someone looking to invest in the island.   The 3 Rai of land has a Chanote title deed.

Price: 30,000,000 Baht

For more details, please contact me