New to the Koh Chang property market, this unfinished resort of bungalows and cafe is now available for immediate sale and development.
What’s on Offer? – Unfinished Resort for Development
Tucked away in one of Koh Chang’s quieter areas towards the southern end of the west coast, the property consists of three finished bungalows (one on two floors) alongside a house (split into two rooms). Interiors have a/c, fridges, double beds and ensuite bathrooms with hot showers.
At the front of the property, you’ll find a newly completed cafe with accompanying kitchen. The total footprint is 2,925 sq metres.
Beyond the three new bungalows, the property allows for the development of another 12 to 15 bungalows on the periphery of the central garden area. An initial excavation has been made for a swimming pool.
Though the unfinished resort is open for business now, more realistically, the existing bungalows provide accommodation for the owner and any staff during a full development. That said, you could open up the cafe at the front throughout.
Utilities and Buildings
All utilities (electricity, internet, water with well) are fully connected.
This property would suit either a 1st time buyer or an established Thai business owner. Though quiet, the area boasts a good number of bungalow resorts and a large hotel, so there is good foot traffic throughout the tourist season.
Price and Lease – Unfinished Resort for Development
The rent for the land is 180k per year, an excellent rate for this area. You can negotiate a long contract – 9 years or more with agreed % increases every 3 years.
There is no financial information available as the resort due to initial building period taking place during the Covid pandemic and then the termination of the development due to personal reasons.
The unfinished resort is for sale at 1.8 Million THB ONO
Please contact us to set up a viewing.
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