Land on Phuket Island, Thailand, 32 500 sq.m

**Area of 32,500 sq.m**
*(US$ 8.8 million / 290 million baht)*
*14.0 million baht/rai*

**Investment: Purchase of 32,500 sq.m of land with sea views in Rawai district, South Phuket, just 100 meters from Rawai Beach.** The plot consists of 35 land titles *chanote* and has a permit for the construction of villas, condominiums and hotels up to 16 meters high.

The plot is located next to Rawai Palm Beach Resort and just 200 meters from the successful Title project with more than 300 condominiums. Rawai is an actively developing area.

**Price: US$ 8,800,000** *(290 million baht)* – a significant discount compared to the market value.

**Additional benefits:**
The plot is equipped with all the infrastructure: 4 large villas, a sales office, paths, sidewalks, fences, underground electrical wiring, drainage and year–round water supply - the cost is about 70 million baht, included in the sale price.

**Development opportunities:**
This plot is suitable for a 4-year development program with a combination of condominiums on 5 levels and villas on 1-3 levels – all on relatively flat terrain for convenient construction.

**Profitability:**
The estimated cost after the development of this site (with mixed development of condominiums/villas) is estimated at 50 million baht/rai, which is 1.015 million baht for 20.3 rai – The target profit for 4 years is 725 million baht (US$ 22 million) (the price of the developed land is 1.015 million baht minus the cost of 290 million baht).

**Description of the plot:**
The area of 32,500 sq.m is part of a larger plot of 50,000 sq.m. The remaining 17,500 sq.m. will also be built up with mixed upscale condominiums and villas priced from $300,000 to $3,000,000.

**Building permits:**
The total area of 50,000 sq.m has an EIR (Environmental Impact Assessment) approval issued more than 10 years ago for villas. Before completing the purchase, the buyer will be able to make sure that the existing EIR will be canceled and it will be possible to request two new EIR permits for plots of 32,500 sq.m and 17,500 sq.m.