Apartment Buildings For Sale
Transaction Type: For Sale
Price: $3,900,000 (USD)
Kathu Phuket Thailand
Overview: bedrooms, bath
Palm Hill Vista Estate -For sale.
Palm Hill Vista Estate, Private Hill, Kathu. Details:
The total land area is 4 Rai and 155 sq-wah (7,000 sq. Meters) the land plot reaches all the way down to the main road. The hill drops off on every side of our estate. (Unique).
Total indoor living space, finished & fully furnished + A/C etc., is 2000+ square meters. Consisting of a total of 6 fully furnished separate rental units + 1 unfurnished. (i.e. 7 keys, 7 separate entrances.)
Consisting of a total of 20 bedrooms & 21 bathrooms, and this over the following:
3 separate 4 bedroom 4 units.
1 separate, 2 bedroom unit.
1 separate, 3 bedroom unit.
1 separate, 1 bedroom unit,
1 separate, studio apartment.
To summarize: 7 separate rental units/keys, plus one maid’s quarters besides a larger standalone guard house at the entrance of the property.
A 3 meter by 3 meter covered Sala with CPAC tiled roof.
A separate infinity "walk around" pool on arrival, pool measuring 13.2 times long by 5.20 meters wide, with a raised all natural stone waterfall for shade -as well as 2 sun decks. The pool is a separate concrete construction pool, nestled between Villa 1 and 2 -completely detached from any Villa’s foundations.
Three independent water storage tanks for extra water storage, measuring over 18,000 liters plus its owned 70-meter master deep water well, adjacent to the main road but on the property.
Palm Hill Vista owns its own 165 KVA electric transformer (3 phase) with all underground cabling, throughout the entire estate. Separate electric shelter housing 7 singular electric meters.
2 large (separate) parking lots allowing a total of over 11 cars + motorbikes.
2 separate storage spaces (25 sq. meters each) and 1 maid quarters of 22 sqm meters. 2 enclosed finished areas under the pool, for shower/sauna/steam (20 sqm)
Commercial Value is high:
The ROI is as appealing due to uniqueness, privacy, excellent views, top quality design, layout, finish, decor and high-quality construction flowing together in harmony with nature. All near 3 major golf courses at a very central Phuket location; with the potential to further enhance due to an extra empty land plot of 1 Rai. Hence the 4-5% yearly rental yield is conservative.
Palm Hill Vista is an exclusive estate encompassing 4 Rai and 155 sq-wah, (7,000 square meters) private residential estate suitable for a large extended family, a resort, or golf or corporate retreat, and/or a high income yielding rental investment at the center of Kathu/Phuket.
Unobstructed panoramic views of Loch Palm Golf course, Crystal Lake and most of Kathu valley.
3 Villa’s rests at 72 meter above ocean level. Surrounded 360 degrees by 400-meter tall mountains. Great views. Palm Hill Vista is the premier estate in Kathu, at the very heart of Phuket.
Over 4.2 Rai of premium land at the very top of a private hill, sloping down on each & every side. Access through a private road "cul de sac", ending at the top. (1 Rai is 1600 Sqm.)
Central location... unsurpassed views… silence & gentleness…cooler temperatures, mature fruit trees and grown gardens… ultimate privacy/security in nature serenity -and yet centrally located.
The 4 land plots plus designated common-areas afford shade, large & mature tropical fruit & hard wood trees extending generously between the steady breeze -often 2-4 degrees cooler then beachfront property. Palm Hill Vista, Kathu Estate details (will not consider dividing).
Palm Hill Vista, Kathu is 12 km from Patong beach and about 20 km from Surin Beach and Phuket’s other world class beaches. 7 km, or 12 minutes driving to the major shopping centers, the same distance to International Hospitals -and Boat Marina’s. 5 minutes to “Loch Palm and Red Mountain club houses” each have world class 18 hole golf courses. 10 minutes away from two, 18 hole “Country Club” golf courses. Exactly 4 KM from the British International Private Boarding School (BIS) -and 5 KM from the 4 lane main highway to Phuket’ s International Airport (about to double in capacity by June '16), Phuket International Academy and the island’s main Yacht Marinas.
The 3 large Villa's occupy each, just about 1 Rai’s (1600 SQ meters) of land plots. Additionally, there is an additional 1 Rai of fully serviced vacant land plot with near equally good views.
The 3 Villas are of very solid & high-quality construction and finishing, grandiose style, with 3 tall “Thai style” steel structure roofs for insulation and strength -as large volume of air space between the ceiling and roofs is the best heat insulation. Villa 3 is the latest built (2014) with a more modern décor layout.
Here is an executive summary on the income details of Palm Hill Vista:
Yearly rental income is approximately 5 mill. Baht, including the largest Villa 1, where we owners now live. The estate includes an additional (just about) 1 Rai of raw land where additional rental income could be generated. The 5 mill. Baht per year is based on the existing property fully rented. To date we optimized rather than maximized rental income.
Here are the details of Palm Hill Vista:
The total land area is 4 and 155 sq-wah., the land goes all the way down to the main road and the hill drops-off on every side of the entire estate.
Total indoor living space, completely finished & furnished + A/C etc., is at least 2000 square meters. A total of 7 fully furnished rental units.
Consisting of a total of 20 bedrooms & 21 bathrooms, and this over: three separate 4 bedrooms units, one separate 2 and one separate 3 bedroom units each. Plus, one separate 1 bedroom unit, and one separate studio. Again, 7 separate rental units, plus one office and one maid’s quarter have separate entrances.
A separate self-standing infinity "walk around" pool “on arrival” measuring 13.2 times 5.20 meters, with a raised stone waterfall for shade -and 2 sun decks. Three independent water storage tanks for extra water storage, measuring at over 18,000 liters plus its own 70-meter deep water well adjacent to the main roadof the property. Palm Hill Vista owns its own 165 KVA 3 phase electric transformer with all underground cabling, this throughout the entire estate.
The property also includes a guard house at the bottom of the estate with a remote control gate, giving access to the private road. (All underground electric and separate electric shelter with 7 singular electric meters).
2 large separate parking plots allowing a total of over 11 cars + motorbikes.
2 separate storage spaces (50 sq. meters each) and maid quarters of 22 sq meters. 2 enclosed finished areas under the pool, for shower/sauna. The pool is a separate concrete construction pool at the centre of 2 Villa’s completely detached from the Villa’s foundations. Villa 2 has each back side access to the pool
Commercial Value is high:
The ROI is as appealing as well due to uniqueness, privacy, views, top quality design, layout, finish, decor and high end construction; with the potential to further enhance with extra land plot. Hence the 4-5% yearly rental yield is a conservative number.
You are welcome to come for a visit if you are a qualified principal. Take pictures or ask us any questions. Please by appointment only.
Palm Hill Vista, Kathu Estate details (will not consider dividing).
Yearly rental income yield is 4-5% which is considered attractive for this unique private residence all during a time of record low Thai and global interest rates. It could easily be marketed to be a golf or corporate resort.
Please viewing by appointment only. 9 to 6 PM.
Contact Details: Chorladda Chuanchom [Send Message]
Contact Number: +66618142995