3 Unfinished Houses in Private Estate – Plai Laem, Koh Samui – For Sale

Details

A great investment opportunity here from Doctor Property! 3 Unfinished 2 story houses now offered in this private gated estate. These are last unfinished units in the estate and most of the other units are now being built out by new investors. The villas here cater to a mix of long-term retired ex-pats, Thai professionals as well as some rental units. Verifiable rental history from the same owner is available to serious buyers and nett return of 8-9% for each unit is very achievable depending on finishing costs and strengthening rental market. 

The estate has private access to a large communal pool which leads out to a beautiful and secluded beach which sees no outside foot traffic and has the ambience of a private beach. Inside the estate, there are plenty of communal green areas to enjoy, with manicured lawns and tropical plants and trees. 

The offer consists of the following;

Lot 1 

Approximately 60% completed, tiled roof and most of the external walls are blocked up (see gallery). This house has an overall internal space of 225m² sits on a 400m² plot and there is plenty of outdoor space for a garden and pool. There is also space for a car and some motorbikes. Valid building permit included.

Completion cost estimate: 2 to 3.5 million Baht depending on taste and the final design. Savings can be made if self-managed.

ROI based on a similar house: Expected nett income is THB 700,000 p.a. after all running expenses and total 9m finished cost (inc. pool/furniture) = THB 700,000/9M = 7.8% 

Lot 2 

Approximately 60% completed, tiled roof and most of the external walls are blocked up (see gallery). This house has an overall internal space of 225m² sits on a 400m² plot. There is plenty of outdoor space for a garden and pool. There is also space for a car and some motorbikes. Valid building permit included.

Completion cost estimate: 2 to 3.5 million Baht depending on taste and the final design. Savings can be made if self-managed. 

ROI based on a similar house: Expected nett income is THB 700,000 p.a. after all running expenses and total 9m finished cost (inc. pool/furniture) = THB 700,000/9M = 7.8% 

Lot 3 

A 330m² plot which is suitable for the construction of a 225m² villa in the same design as shown in the pictures. Foundations are already in place.  There is not so much outdoor space for a private pool. There is direct open access to a communal green area to the back which is suitable for children to play in. This plot is close to a government electrical transformer and can have a direct supply with government utility rates. A new building permit will be required which can take 3-6 months.

Completion cost estimate: 4 to 5.5 million Baht depending on taste and the final design. Savings can be made if self-managed.

ROI based on a similar house (no pool): Expected nett income is THB 550,000 p.a. after all running expenses and total 8m finished cost (inc. furniture) = THB 550,000/7.5M = 7.3% 

Other points

• An experienced construction team is actively completing other units in the estate, which can be shown to the potential investor.
• Some of the owners have installed PV Solar panels which repay their outlay in approx. 4 years. Examples can be shown.
• Water is currently delivered but soon there will be a connection to government supply.
• Water-wells can be installed by house owners.
• Houses can be configured 3-5 bedrooms, 4 is ideal.
• Lots 1 and 2 are held in 1 company. Lot 3 is held by a separate company.
• Savings on build can be made if project-managed by buyer.
• Lots can be sold individually, please contact us to discuss. Taxes may apply.

Please scroll further down this page to see the rental property in this same development.

Call now for a visit to see this great offer, we are always on hand!

Investment Opportunity, Villa For Sale, Koh Samui Real Estate.

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Price

EUR - Euro	€	322,000
THB - Thai Baht	THB	12,000,000
USD - United States Dollar	$	382,000
GBP - British Pound Sterling	£	276,000
CNY - Chinese Yuan	CN¥	2,463,000
RUB - Russian Ruble	RUB	27,783,000
ILS - Israeli New Sheqel	₪	1,256,000
AUD - Australian Dollar	A$	510,000

The currency rates shown are provided by third party. The final purchase price is displayed in Thai Baht.

Location

Plai Laem