Investors can expect a 10%+ return on investment yearly, calculated on a modest 60% occupancy!
This beautiful and quiet residence is located in the hills of Kata/Karon on the western side of Phuket Island, just a few minutes' drive to Kata Beach and Karon Beach.
The three-floor residence sits on a land plot of 356 sqm and features 12 spacious ensuite luxury 1-2 bedroom units ready to rent out. Each floor has 234 sqm living space for a total of 702 sqm.
There are four types of rooms: 3 x 1 bedroom apartments, 1 x 2 bedroom apartments, 3 x superior studio rooms, and 4 x deluxe studio rooms.
All apartments offer scenic views of Kata Beach and a scenic view of the valley in front.
Thanks to its style and elegance, the residence offers modern, comfortable, high-quality self-catering accommodation.
Each beautifully finished holiday apartment features a fully equipped kitchen, air-conditioning, free Wi-Fi, free parking, digital TV, room safes, beach mat, umbrella, and towels, and comfortable double or queen beds each with a private terrace or balcony with outstanding views.
The building has its own deep water well, so no outside water is needed.
Investors can choose to offer the apartments for long-term rent or holiday rentals, or mixed. The property has high ratings on Online Travel Agencies like Booking.com.
An adjacent pool villa with sea view can also be included in the purchase at an additional cost of THB 22,000,000, perfect for investors who plan to handle the rental operation themselves.
“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full and managed with reasonable care, it is about the safest investment in the world.”
- Franklin D Roosevelt