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Apartment and Resort Project on Koh Lanta

Apartment and Resort Project on Koh Lanta
 Type: Project Takeover Investment
 Terms: Freehold
 Ref. # 111KKH
 Plot area: 15 Rai
PRICE (THB)
180 Mil
*Luxury Apartments
*Rental Opportunities
*
*Location

This Apartment and Resort project is located at the northern end of Klong Khong Beach, koh Lanta, which is roughly at the center of Koh Lantas' west coast, and covers an area of 15 Rai between the main road and its private beach.


Apartment and Resort Project on Koh Lanta Apartment and Resort Project on Koh Lanta Apartment and Resort Project on Koh Lanta Apartment and Resort Project on Koh Lanta Apartment and Resort Project on Koh Lanta Apartment and Resort Project on Koh Lanta

The first Phase of two Apartment buildings totaling 32nr apartments (buildings 4 and 5) were constructed in 2008 at precisely the wrong time due to the obviously unforeseen financial crisis.

The developers and their group of investors soon ran into financial difficulties and became insolvent due to lack of sales and the realisation that the project was no longer viable at that time.

The buildings are 80% complete with little remedial works to be carried out, and completion could be achieved in 4 months.

All major infrastructure is complete for the first phase including 3 phase electricity supply, water supply and sewerage system.

The project is offered for sale as a whole, and all building permits and legal permissions have been obtained and issued by the government. However, due to the over scale of the proposed project as a whole (in our opinion) it would easily be possible to reconfigure or totally redesign the project as a villa and apartment/condominium project with appropriate facilities.

Equally, the project could be completed “as is”.

The original project management firm and architects are available to consult with at any time with regards to any future development, and they may be approached with regard to any future services either as project managers, or as consultants. They have completed several resort projects in the area, and these can be inspected upon request.

The price asked is realistic due to the fact that the average price of well located beach front land is between 10 and 15 million THB per Rai.

In addition, a great deal of work has already been completed and building plans and permissions obtained, and this is included in the price as a whole which works out at 12 million per Rai. However, due to the vendors enthusiasm to sell, it is quite possible that the price can be negotiated down.

Scope of proposed project Project Details:

Apartments for sale:

Building 5: 4 storey, 16 Units

Building 4: 4 storey, 16 Units

Building 3: 3 storey, 12 Units

Building 2: 3 storey, 12 Units

***Total 56 Unit for Apartments for sale phase.

Resort and Beach Villa:

Beach Villa: 7 Units

Guestroom Deluxe Building 1: 27 Units

Guestroom Deluxe Building 2: 27 Units

Guestroom Deluxe Building 3: 30 Units

Guestroome Deluxe Building 4: 30 Units

 

For further information and details, please contact us here at Lanta Thailand Property.

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