New House / New Home, Residential Letting, High Yield, Fully Managed, Unfurnished, Tourist Letting, Resort, swimming pool, Freehold, Leasehold, balcony, air conditioning, Investment property
Wok Tum - at a glance:
Wok Tum Residence is the first professional, contemporary villa resort on the tropical retreat of Koh Phangan island (just 25mins by boat from Koh Samui, Thailand)
Nestled in the foothills overlooking Hing Kong Bay, Wok Tum Residence is within easy reach of the many west coast white sandy beaches with the nearest being just 800 metres away. The development is a short 5 min drive to the charming harbour side village of Thong Sala, which is home to many bohemian and sophisticated cafes and restaurants
Set in 2 wondrous acres, on a slopping hillside, these 9 secluded villas all enjoy unspoilt bay and mountain views and truly spectacular sunsets
The developer is well renowned in Koh Samui as the leading property developer.
Wok Tum is a very special investment opportunity
Villas start at approx GBP 169,000 (THB 8,750,000). Koh Phangans time for investment is now. Uplift on these prices will be swift in the coming year(s)
Each villa is oversized at 220 m2 and comes on a plot of 530 m2.
The tenure of these villas is leasehold (90 years but renewable) but with an option to convert to freehold (leasehold purchase costs are considerably lower than freehold so as property traders we try to keep buying costs to a minimum)
The rental income across all 9 units will be pooled and yields are expected to be in excess of 10% p.a. net of all charges and maintenance, in fact at 50% occupancy and a daily rate of 7,000 THB (GBP107.00) the units will deliver an 11% rental yield, not bad!
The development will enjoy its own real time on-line booking system and will
be marketed internationally alongside the developers other regional projects by
Samui Villas and Homes, as well as by the largest local letting agent on the island.
Koh Phangan right now presents a serious early bird investment opportunity with exceptionally strong growth opportunities.
Location
Situated in the gulf of Thailand Koh Phangan is the sister island to the world renowned tourist destination of Koh Samui, which attracts in excess of 1 million visitors every year.
Koh Phangan is well known for its full moon party held on Haad Rin Beach, located in the southeast, however Koh Phangan isn't just about parties. The island is a designated eco tourist destination and over 60% of it is a protected national park offering the visitor ample sightseeing and trekking adventures. In addition to the lush tropical interior Koh Phangan has an array of magical white sand beaches, many of them protected by amazing coral reefs which harbour a myriad of colourful fish and provide excellent snorkeling and diving opportunities.
Villas
Each beautifully designed villa is 220 m2 and is internally situated on a plot size of 530 m2, with 2 bedrooms and their own pool.
Payment schedule
GBP 1,000 fully refundable reservation fee (followed by 30 day due diligence period)
30% on signing of Sales and Purchase Agreement (less reservation fee paid)
20% on completion of foundations
20% on completion of roof structure
30% on handover and approval of completed villa
Furniture Package
A bespoke furniture package will be available for all those who wish to participate in the rental scheme and is priced at THB 600,000 (circa GBP 8,600) plus a dressing pack THB 250,000 (circa GBP3,600)