Residential Real Estate for Sale in Pa Tong, Thailand
To be completed condo development and hotel for sale in Patong.
| Established | 10-20 year(s) |
| Employees | < 2 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Residential Real Estate |
| Locations | Pa Tong |
| Local Time | 9:51 PM Asia / Bangkok |
| Listed By | Advisor / Business Broker |
| Status | Moderately Active |
Full Sale
Asking Price:
INR
34 crore
(Native Currency: THB 130,000,000)
Reason: Due to financial problems, the owner can not finish the construction. This is an advisor-represented...
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Includes physical assets worth
INR
34 crore
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Business Overview
Condo development with 47 units with a total of 2,142 sqm habitable surface, and a hotel of 320 sqm, on a prime location in Patong Beach, Phuket.
Description:
The studios can be combined into larger units so that the buyer can buy 6 studios and build a maximum of 5-bedroom condos. The BVP concept is perfect for private investors who will get a high ROI on their investments.
The development is situated on a plot that is adjacent to the five-star hotel. The apartments will have a stunning panoramic ocean outlook and be close to Patong Beach or the tranquil Tri Trang Beach.
Check-in and check-out, event registration, and other administrative tasks can all be completed at the front desk. Guests and owners can also request breakfast or other simple food and beverages from the cafeteria area to be delivered to the pool deck.
The developer started construction a few years back.
But the development came a hold due to financial issues.
The development only needs to be finished which can be done within the next few months.
Half of the construction has been completed. The hotel is already finished and was purchased with the land.
This can be a huge opportunity for any investor. Once completed, the sale of the units would be very easy and fast. Of course, the rental opportunities are huge as well once finished.
At the moment the owner is looking for an interested party to take over the complete development.
Description:
The studios can be combined into larger units so that the buyer can buy 6 studios and build a maximum of 5-bedroom condos. The BVP concept is perfect for private investors who will get a high ROI on their investments.
The development is situated on a plot that is adjacent to the five-star hotel. The apartments will have a stunning panoramic ocean outlook and be close to Patong Beach or the tranquil Tri Trang Beach.
Check-in and check-out, event registration, and other administrative tasks can all be completed at the front desk. Guests and owners can also request breakfast or other simple food and beverages from the cafeteria area to be delivered to the pool deck.
The developer started construction a few years back.
But the development came a hold due to financial issues.
The development only needs to be finished which can be done within the next few months.
Half of the construction has been completed. The hotel is already finished and was purchased with the land.
This can be a huge opportunity for any investor. Once completed, the sale of the units would be very easy and fast. Of course, the rental opportunities are huge as well once finished.
At the moment the owner is looking for an interested party to take over the complete development.
Products & Services Overview
Condo development and a hotel that is under construction. The condos can be sold and the hotel has the potential for continuous revenue generation.
Assets Overview
Condo development with 47 units with a total of 2,142 sqm habitable surface, and a hotel of 320 sqm, 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)
Facilities Overview
To be completed development-Condo development with 47 units with a total of 2,142 sqm habitable surface, and a hotel of 320 sqm, 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)
The facility is located in the south of the city.
Capitalization Overview
Currently, the business has one owner and no debts.Investment sum 130 million THB.
The investor will buy all shares in a newly formed Thai company to which the properties and.
The project will be transferred. The purchase price for the shares will be 130M THB and the.
The company will have no debts.
The remaining total construction costs/project costs for all units and is estimated to be 100 M THB (incl. costs incl. furniture).
The result of the project is estimated to be 125M THB, i. e, total sales income is estimated to be 355 M THB, and total project costs 230 M THB (130M THB to buy the shares and 100M THB for the remaining project cost).
In addition, the long-term ownership of the hotel business will generate great income. In the future the management and rental services for all units in the project.
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