Pulse Real Estate is proud to offer this exclusive listing. Contact us directly for complete documentation and business numbers.
The price breaks down to only 9,600,000 THB / villa! You have the option of Continuing to run the resort for a steady income or reselling the villas individually for immediate profit.
Siamaya is a 5-villa resort located in Bangtao which boasts 100% occupancy for the past two years. It’s being offered significantly below market value, with impressive ROI potential for investors. It may also be the ideal property for a group of family members, friends, business partners, or even digital nomads who want a great residential property they can rent out while they’re away from Phuket.
Having survived COVID’s harsh travel and hospitality conditions, this hands-off operation currently brings in an easy 5% return via five loyal long-term rental tenants. Current tenants are contracted to stay through early 2023, meaning immediate income for the foreseeable future. The operation also has realistic potential to bring up to 15% annual return by converting the business model into short-term rentals as Phuket’s tourism promises to return to near pre-COVID volume in 2023.
This complex is in excellent condition, with absolutely no structural issues or need for renovation. Building a similar complex today would cost at least 50% more than the 48m thb asking price, not to mention at least 18 months’ worth of lost revenue during construction. This boutique resort operation also has as sales office that can easily be converted into a 4 th 2BR pool villa, therefore maximizing profits though increasing income by no less than 1.5m thb annually.
While all of this may sound too good to be true, the calculations stated above are transparent and genuine. The owner simply wishes to simplify his life due to health issues.
The owner is selling the entire operation, including the registered business. The 7 chanote titles which total 2,700 sqm are clean, and due diligence will prove the company is in good legal standing. This operation is truly capable of being handed over to new directors who will start earning income the very next day after taking ownership.
Natural attractions are also nearby. Guests can visit Tonsai waterfall, Wat Phratong, Khao Phra Thaeo National Park without being bothered by a long drive. Surin Beach and Naithong beaches are also just north and south of beautiful Bangtao Bay.
Pulse Real Estate has the exclusive listing for this project. Contact us for a detailed breakdown of the entire investment package.