Great Retirement – Investment, Small Resort 5 villas.

Property ID: VS017
฿29,000,000
Lot Area: 2000 sqm Bedrooms: 15 Bathrooms: 16 Garages: 5 Year Built: 2008 Stories: 2

Viewings: ken@idealtropical.com OR Call +66868047407 OR +66925768968.

Fantastic Opportunity to enjoy your Retirement OR Investment in a small resort in Paradise with very little maintenance and great income. 5 minutes to the beautiful Kamala beach by car.

3 big villas with 4 bedrooms and 3 bathrooms, Western style fully equipped kitchen open plan, connected to big living room. Inside living area is 200 sqm for each Villa.

1 Villa with 2 bedrooms, 1 bathroom and western style fully equipped kitchen open plan connected to big living room. Inside living area is 100 sqm.

All Villas have 2 outside terrace in different sizes, 12 to 50 sqm each depending on villa. The big villas also have big balconies overlooking the pool area.

1 villa (gardener/security-maintenance) villa. 1 bedroom/living room, 1 bathroom and kitchen. This house 30 sqm inside living area.

The villas are in between 9 and 12 years old. They are very well taken care of and they are built with double outside walls, separate draining system for each villa and built in air conditions (6 for the big villas and 4 for the small villa).

Monthly income:  25, 000 Thb from house number 1 (the 2 bedroom bungalow with 1 year contract), 45 000Thb from house number 2 (4 bedroom villa with 1 year contract). House number 3 (4 bedroom villa) Owners family live in. 45 000 Thb for long term rent. House number 4 (4 bedroom villa with 1 year contract) 45 000Thb. Total income now is 125 000Thb per month without villa number 3 which would give another 45 000 baht on long term rental. Worth mentioning is that the Owner has chosen to only rent out on long term because they live in the resort. If you would rent out on short term basis you could easily charge 30 000 – 40 000 baht per week for the 4 bedroom villas during high season, November to April.

Outgoings and expenses: 1 staff who lives in the 1 bedroom bungalow next to the gate, salary 14 500 Thb per month (174 000 Thb per year). He takes care of the area such as gardening, pool care, handyman smaller painting and electric work and he also acts like security guard, he has been here for 8 years now and he is very reliable.  10 000 – 12 000Thb per year for pool products (chlorine etc). Cable-tv True visions gold package 2 450Thb total per month for all houses (29 400 per year). The water is free, have own water wells on the plot (each house and the pool has its own well), always have water because the resort is next to the hill side. The tenants pay for electric and internet. Pest patrol come every 3 weeks to check the houses for insects, expense total 31 000 baht/per year. Total outgoings and expenses per month 22 000 – 24 000 baht.

 All built in refrigerators/freezer and washing machines are new from the last 2 years. Replaced all products (such as pool pumps, engine for the electric gate, air-condition etc.) that have needed replacement with new ones.

This is a fantastic opportunity for a retired couple OR keen businessman to invest in a great business with little maintenance but still keeping occupied with gardening and everyday chores. Very well priced. 29MTHB

Viewing: email ken@idealtropical.com Telephone: +66925768968

Features and Benefits:

. Located in a very quiet area.

. 5 minutes by car to stunning Kamala beach.

. Well constructed- maintained, mature gardens, large swimming pool.

. Local to shops, Tesco, Big C, Kamala Fantasie show, bars, restaurants, massage.

. Patong only 15 minutes drive for great entertainment nights out.

. Very secure with electric remote controlled security gates.

. Live in Gardener-maintenance-security man.

. Ideal Resort Investment-Retirement.

Email: ken@idealtropical.com OR Phone: +66925768968.

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