DELISTED - Phuket Renovation Villas for Sale - 2-for-1 - Great Investment Return for the Right Buyer
ONE PRICE OF 14,000,000 BAHT BUYS TWO VILLAS.
Two stand-alone pool villas, completed in 2013, each with 3 bedrooms, their own garden, pools, and titles, located in popular Bang Jo, CherngTalay, 5 minutes from Blue Tree.
Uncomplicated renovation/redecoration project with projected high short-term returns.
- 75% return on Capital Employed (based on expected resale value per villa of THB 15M)
- 10.5% rental return per annum (based on expected combined rental income of 1.9M p.a.)
The villas can also be purchased separately at THB 7,900,000 each.
Villa Details (x2)
- Villa Built: 286 sqm
- Villa Land area: 290 sqm
- Villa Land Title: Chanote
- Accommodation: 3 Bedrooms, 3 Bathrooms
- Design: modern, two-story with pool & garden
Terms
- Villas to be sold together (or separately at THB 7.9M each)
- Sold in "as-is" condition, hence the distressed sales price
- Requires refurbishment and redecoration.
- Builders estimate THB 2-3M per villa
- Each Villa to be Purchased Freehold
- Each Chanote to be Purchased Freehold or Registered lease
- If Purchasing Chanotes, buyer pays transfer fees and taxes
Current Condition of the Villas
Designed and constructed by a local architect who remains active in the local area for UK clients as holiday/rental homes.
Both villas are completed, landscaped, and the pool and systems are commissioned.
Villa One was furnished and rented out to paying guests during the early part of COVID, and Villa Two was left vacant. More recently, both were temporarily occupied by families of construction staff.
The finishes inside and outside of both villas have deteriorated, mostly due to neglect of any cleaning, maintenance, or pest control activities.
No obvious structural, roof, or systemic water-related problems have appeared and the villas are not damp.
Internal renovations are required for the fittings, certain flooring finishes, kitchen, bathrooms, the occasional gypsum ceiling patch, electrical and light fittings, and re-painting inside and out.
External renovations required for pool tiling and system, outdoor storage, M+E, landscaping, jet washing, and repainting.
Renovations can be completed within 3-6 months.
Pulse Real Estate“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