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FOR SALE TO BE COMPLETED DEVELOPMENT Condo-development with 47 units with a total of 2,142m2 habitable surface, and a hotel of 320m2, on a prime location in Patong Beach, Phuket.
Consisting of: 2 twin villas with private pools 45 studios with a common pool and common roof deck 1 hotel (existing small hotel to function as reception for BVP as well)
Description: The studios can be combined to larger units, so that the buyer can buy 6 studios and build maximum a 5-bedroom condo. The BVP concept is perfect for private investors who will get a high ROI on their investments, when BVP will offer management and rental services for all condo owners. The development is located in a fantastic location with some of the most exclusive and most expensive villas in Phuket/Patong neighbourhood and also on the neighboring plot to the 5-star Amari hotel. The units will have a terrific panorama sea view, located next to the ocean with walking distance to the Patong Beach or the quiet Tri Trang Beach. From the reception all administration works can be done, check in and check out, booking of events etc. and from the cafeteria area guests and owners can get breakfast or simple food and drinks, as well as ordering food and drinks to the pooldeck. The developer has started construction in 2018 but unfortunately the development came to a hold due to financial issues. At the moment the owner is looking for an interested party to take over the complete development. The development is an excellent investment for any developer as all paperwork is in place and construction has even already been started. The development only needs to be finished which can be done within 12-18 months. 50% of the construction of phase 1 (8 out of 47 units) has been completed.
Foreign nationals cannot own land in Thailand. The options in which a foreigner can control the land are via a 30-year lease or by purchasing the land through a Thai company.